HDFC Bank Ltd. Sees Robust Activity with 8,989 Call Options at Rs 2,000 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The bank's underlying stock, HDFCBANK, has seen a notable number of call options traded, with 8,989 contracts exchanged at a strike price of Rs 2,000. This activity has generated a turnover of approximately Rs 2,027.97 lakhs, while the open interest stands at 4,039 contracts, indicating a robust interest in this option.
Currently, HDFC Bank's stock is trading at Rs 2,002.0, just 1.38% shy of its 52-week high of Rs 2,027.1. The stock has outperformed its sector by 0.57% today, showcasing its resilience in the market. In terms of moving averages, HDFC Bank's stock is positioned higher than the 20-day, 50-day, 100-day, and 200-day averages, although it is slightly below the 5-day moving average.

Despite a decline in delivery volume by 28.96% compared to the 5-day average, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 52.83 crore. Overall, HDFC Bank's performance today highlights its strong market position and active trading dynamics.