Hindustan Zinc Sees 10.43% Surge in Open Interest to 76,342 Contracts

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 76,342 contracts, reflecting a rise of 7,208 contracts or 10.43% from the previous open interest of 69,134. This uptick in open interest comes alongside a trading volume of 64,919 contracts, indicating active market participation.
In terms of financial metrics, Hindustan Zinc's futures value is reported at approximately Rs 115,258.20 lakhs, while the options value is significantly higher at around Rs 27,761.04 crores, bringing the total value to Rs 119,600.58 lakhs. The underlying value of the stock is noted at Rs 471.

Today's performance aligns closely with the sector, with Hindustan Zinc showing a 1.22% decline, slightly more than the sector's 1.08% drop and the Sensex's 0.61% decrease. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Notably, delivery volume has decreased by 38.47% compared to the 5-day average, indicating a decline in investor participation.

In summary, the notable increase in open interest for Hindustan Zinc highlights a shift in market dynamics, reflecting the stock's current trading activity and liquidity within the broader context of its industry.