HCL Technologies Sees 10.12% Surge in Open Interest to 101,392 Contracts

HCL Technologies Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 101,392 contracts, reflecting a rise of 9,320 contracts or 10.12% from the previous open interest of 92,072. This uptick coincides with a trading volume of 74,105 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, HCL Technologies is currently trading inline with its sector, with a stock return of -0.37% for the day, slightly better than the sector's return of -0.45% and the Sensex's decline of -0.52%. The stock's performance relative to moving averages shows it is above the 5-day, 20-day, and 50-day moving averages, yet below the 100-day and 200-day averages.

Additionally, the stock boasts a high dividend yield of 3.94% at its current price, and liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 8.27 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for HCL Technologies, reflecting active engagement among market participants.