ICICI Bank Sees Significant Surge in Open Interest Amid Increased Derivatives Activity

Apr 16 2025 10:00 AM IST
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ICICI Bank Ltd. has seen a notable rise in open interest, reaching 239,913 contracts, alongside a trading volume of 139,261 contracts, indicating increased activity in the derivatives market. The stock is trading at Rs 1,350, remaining above key moving averages and demonstrating strong liquidity.
ICICI Bank Ltd., a prominent player in the private banking sector, has experienced a significant increase in open interest today. The latest open interest stands at 239,913 contracts, reflecting a rise of 23,984 contracts or 11.11% from the previous open interest of 215,929. This surge in open interest comes alongside a trading volume of 139,261 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, ICICI Bank is currently trading at Rs 1,350, just 1.53% shy of its 52-week high of Rs 1,373. The stock has shown resilience, gaining 5.03% over the past five days, although it underperformed its sector by 0.5% today. The stock has been trading within a narrow range of Rs 9.9, and it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable upward trend.

Additionally, the liquidity of ICICI Bank appears robust, with a delivery volume of 1.16 crore on April 15, marking a 34.46% increase compared to the 5-day average. Overall, the notable rise in open interest and consistent trading patterns highlight the stock's active engagement in the market.
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