HDFC Bank Ltd. Sees Surge with 18,969 Active Call Contracts 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, particularly in the options market. The bank's underlying stock, HDFCBANK, saw significant activity with 18,969 call contracts traded, reflecting a turnover of approximately Rs 1,947.83 lakhs. The options, set to expire on July 31, 2025, have a strike price of Rs 2,000, with an open interest of 10,332 contracts, indicating robust market engagement.
In terms of price performance, HDFC Bank is currently trading at Rs 1,958.8, just 2.3% shy of its 52-week high of Rs 2,027.1. The stock has shown resilience today, gaining 1.51% and outperforming its sector, which recorded a 1.49% increase. Notably, the stock has reversed its trend after two consecutive days of decline, reaching an intraday high of Rs 2,000, marking a 2.18% increase.

HDFC Bank's liquidity remains strong, with a delivery volume of 57.35 lakhs on July 18, up 5.27% from its five-day average. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day averages. Overall, HDFC Bank's performance today highlights its active role in the market, driven by significant trading volumes and a favorable price trajectory.