Surge in Open Interest Signals Shift in Market Dynamics for Federal Bank Ltd.
Federal Bank Ltd has seen a notable rise in open interest, reaching 36,058, alongside a trading volume of 17,453. The total futures and options value amounts to approximately Rs 87,197.19 lakhs. The stock remains above key moving averages, indicating robust liquidity despite recent price fluctuations.
Federal Bank Ltd, a prominent player in the private sector banking industry, has experienced a significant increase in open interest today. The latest open interest stands at 36,058, marking a rise of 4,642 from the previous open interest of 31,416, which translates to a percentage change of 14.78%. The trading volume for the day reached 17,453, contributing to a futures value of approximately Rs 85,511.52 lakhs and an options value of around Rs 9,897,578.95 lakhs, bringing the total value to Rs 87,197.19 lakhs. The underlying value of the stock is noted at Rs 206.In terms of price performance, Federal Bank is currently 4.98% away from its 52-week high of Rs 217. However, the stock has underperformed its sector by 2.06% today, with a 1D return of -1.54%. It touched an intraday low of Rs 205.76, reflecting a decline of 2.21%. Notably, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. The liquidity remains robust, with a delivery volume of 49.89 lakhs, which is 22.84% higher than the 5-day average. Overall, the notable increase in open interest highlights a shift in market dynamics for Federal Bank.
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