FSN E-Commerce Ventures Sees Surge in Open Interest Amid Increased Market Activity

FSN E-Commerce Ventures Ltd, trading under the symbol NYKAA, has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 14,778 contracts, up from the previous 13,374, marking a change of 1,404 contracts or a 10.5% increase. The trading volume for the day reached 5,012 contracts, indicating robust participation in the market.
In terms of financial metrics, FSN E-Commerce Ventures has a market capitalization of Rs 58,501 crore, categorizing it as a large-cap company within the E-Retail/E-Commerce industry. The stock has underperformed its sector by 0.6% today, with a 1-day return of -0.82%, compared to a sector return of -0.05% and a Sensex return of -0.36%.

Despite the underperformance, FSN E-Commerce is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the stock's price over these periods. Additionally, the stock's liquidity remains strong, with a delivery volume of 53.33 lakh shares on May 29, reflecting an 11.58% increase against the 5-day average delivery volume.

In summary, the significant rise in open interest for FSN E-Commerce Ventures highlights increased trading activity, while the stock's performance metrics provide a comprehensive view of its current market position.