FSN E-Commerce Ventures Sees 18.66% Surge in Open Interest to 26,392 Contracts

FSN E-Commerce Ventures Ltd, trading under the symbol NYKAA, has experienced a significant increase in open interest today, reflecting notable activity in the market. The latest open interest stands at 26,392 contracts, up from the previous 22,242 contracts, marking a change of 4,150 contracts or an 18.66% increase. The trading volume for the day reached 33,697 contracts, contributing to a futures value of approximately Rs 40,630.11 lakhs.
In terms of price performance, NYKAA hit a new 52-week high of Rs 255.68 today, representing a 6.62% increase during the trading session. The stock has outperformed its sector by 6.13%, indicating strong relative strength. Additionally, it 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.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 21.69% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 1.67 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for FSN E-Commerce Ventures.