Bharti Airtel Sees 12.5% Surge in Open Interest to 186,881 Contracts

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has experienced a significant increase in open interest today. The latest open interest stands at 186,881 contracts, reflecting a rise of 20,759 contracts or 12.5% from the previous open interest of 166,122. This uptick in open interest comes alongside a trading volume of 140,421 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Bharti Airtel is currently trading close to its 52-week high, just 1.86% away from the peak of Rs 2,067. The stock has shown resilience, gaining 0.97% today, which is in line with the sector's performance of 0.92%, while the broader Sensex has declined by 0.52%. Notably, the stock has reversed its trend after two consecutive days of decline and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, the delivery volume on October 23 reached 609,100 shares, marking a substantial increase of 131.13% compared to the 5-day average delivery volume. With a market capitalization of Rs 11,56,044.83 crore, Bharti Airtel remains a liquid stock, suitable for trades up to Rs 22.9 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and trading activity underscores the stock's current market dynamics.