Federal Bank's Open Interest Surges 16.78% to 42,989 Contracts Amid Increased Trading Activity

Federal Bank Ltd, a prominent player in the private sector banking industry, has recently experienced a significant increase in open interest (OI), indicating heightened trading activity. The latest OI stands at 42,989 contracts, marking a rise of 6,176 contracts or 16.78% from the previous OI of 36,813. This surge in OI coincides with a trading volume of 61,440 contracts, reflecting robust market engagement.
In terms of price performance, Federal Bank is currently trading just 2.77% below its 52-week high of Rs 220. The stock has shown resilience, outperforming its sector by 0.6% today and achieving a consecutive gain over the past seven days, with an impressive return of 11.28% during this period. Additionally, Federal Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

The delivery volume on October 13 reached 76.89 lakh shares, a notable increase of 95.27% compared to the 5-day average, suggesting rising investor participation. With a market capitalization of Rs 52,878 crore, Federal Bank continues to demonstrate liquidity, supporting trade sizes of Rs 4.74 crore based on 2% of the 5-day average traded value. Overall, the recent developments highlight a dynamic trading environment for Federal Bank, reflecting its solid market position.