HDFC Bank Sees 12.87% Surge in Open Interest, Reaching 333,152 Contracts

HDFC 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 333,152, marking a notable rise from the previous figure of 295,166, reflecting a change of 37,986, or 12.87%. This uptick in open interest comes alongside a trading volume of 174,098, indicating heightened activity in the stock.
In terms of price performance, HDFC Bank has outperformed its sector by 1.12%, reversing a trend of six consecutive days of decline. The stock's current price is positioned above the 200-day moving average but remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, the delivery volume on September 26 was 98.35 lakh, which represents a decline of 33.65% compared to the 5-day average delivery volume, suggesting a decrease in investor participation.

With a market capitalization of Rs 14,64,916.38 crore, HDFC Bank continues to maintain a strong presence in the market. The liquidity of the stock remains robust, accommodating trade sizes of Rs 37.14 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for HDFC Bank.