Canara Bank Sees Surge in Open Interest Amid Increased Trading Activity

Jul 23 2025 03:00 PM IST
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Canara Bank has seen a notable rise in open interest, reaching 76,577 contracts, indicating increased trading activity. Despite a recent decline in stock performance, it remains above key moving averages. The stock also shows strong liquidity and offers a high dividend yield, attracting market interest.
Canara Bank (symbol: CANBK) has experienced a significant increase in open interest (OI) today, reflecting heightened activity in its trading. The latest OI stands at 76,577 contracts, marking an increase of 8,278 contracts or 12.12% from the previous OI of 68,299. The trading volume for the day reached 68,920 contracts, indicating robust participation in the market.

In terms of price performance, Canara Bank has underperformed its sector by 1.56% today, with a 1D return of -0.93%. Over the past five days, the stock has seen a consecutive decline, with an overall drop of 8.91%. Despite this downturn, the stock remains above its 100-day and 200-day moving averages, although it is below the 5-day, 20-day, and 50-day moving averages.

The stock's liquidity appears adequate, with a delivery volume of 2.25 crore on July 22, reflecting a 72.43% increase compared to the 5-day average. Canara Bank currently boasts a high dividend yield of 3.7%. Overall, the notable rise in open interest suggests a shift in trading dynamics, warranting attention from market participants.
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