Bharti Airtel Sees 19.5% Surge in Open Interest Amid Price Decline
Bharti Airtel Ltd has seen a significant rise in open interest, reaching 165,747 contracts, up from 138,696. The trading volume for the day was 67,687 contracts, with a total futures value of approximately Rs 349,824 lakhs. Despite this activity, the stock has faced recent declines.
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 165,747 contracts, marking a notable rise from the previous open interest of 138,696 contracts. This change of 27,051 contracts represents a 19.5% increase, indicating heightened activity in the derivatives market. The trading volume for the day reached 67,687 contracts, contributing to a total futures value of approximately Rs 349,824 lakhs.Despite this surge in open interest, Bharti Airtel's stock has faced challenges, recording a decline of 0.48% in its one-day return. Over the past three days, the stock has fallen by 2.21%. While it remains above its 200-day moving average, it is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, the stock has shown rising investor participation, with a delivery volume of 34.63 lakh shares on September 29, reflecting a 9.71% increase compared to the five-day average.
In summary, the notable increase in open interest for Bharti Airtel highlights a shift in market dynamics, even as the stock grapples with recent declines.
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