Bharti Airtel Sees 20.44% Surge in Open Interest Amid Trading Activity

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 167,039 contracts, reflecting a notable rise of 28,343 contracts or 20.44% from the previous open interest of 138,696. This surge coincides with a trading volume of 78,550 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bharti Airtel has faced challenges recently, with the stock declining by 0.85% today and a cumulative drop of 2.48% over the past three days. Despite this downturn, the stock remains above its 200-day moving average, although it is trading below its shorter-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages.

The stock's liquidity appears robust, with a delivery volume of 34.63 lakh shares on September 29, marking a 9.71% increase compared to the five-day average delivery volume. With a market capitalization of Rs 10,83,685 crore, Bharti Airtel continues to hold a significant position in the market, reflecting its large-cap status. Overall, the increase in open interest highlights a shift in market dynamics for Bharti Airtel, warranting attention from market participants.