Canara Bank Sees 10.46% Surge in Open Interest Amid Increased Trading Activity
Canara Bank has seen a notable rise in open interest, indicating increased trading activity, with current figures reaching 76,588. The stock also achieved a new 52-week high of Rs 134.25 and demonstrated strong liquidity, supported by a significant increase in delivery volume and positive price trends across various moving averages.
Canara Bank has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 76,588, up from the previous figure of 69,335, marking a change of 7,253, or 10.46%. This surge in open interest coincides with a trading volume of 82,126, indicating robust market engagement.In terms of price performance, Canara Bank reached a new 52-week high of Rs 134.25 today, representing a 4.26% increase during the trading session. The stock has outperformed its sector by 3.79%, showcasing its relative strength in the market. Additionally, Canara Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.
The stock's delivery volume on October 29 was recorded at 2.1 crore, reflecting a 45.15% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,20,503.60 crore, Canara Bank continues to demonstrate strong liquidity, making it a viable option for trading. Overall, the notable rise in open interest and the stock's performance metrics highlight a dynamic trading environment for Canara Bank.
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