ICICI Bank Sees Significant Surge in Open Interest Amid Increased Derivatives Activity
ICICI Bank Ltd. has seen a notable rise in open interest, reaching 266,588 contracts, alongside a trading volume of 129,106 contracts, indicating increased activity in the derivatives market. The stock is trading near its 52-week high and has shown consistent gains, reflecting robust liquidity and stable performance metrics.
ICICI 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 266,588 contracts, marking a notable rise of 36,492 contracts or 15.86% from the previous open interest of 230,096. This surge in open interest coincides with a trading volume of 129,106 contracts, indicating heightened activity in the derivatives market.In terms of price performance, ICICI Bank is currently trading close to its 52-week high, just 3.26% away from Rs 1,471.6. The stock has shown consistent gains over the past two days, with a modest increase of 0.35% during this period. It has traded within a narrow range of Rs 12.1 today, reflecting stable price movements.
Additionally, the stock's performance metrics reveal that it is above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. The delivery volume has also seen a rise, with 64.9 lakh shares delivered on June 24, up by 6.92% compared to the 5-day average. Overall, ICICI Bank's liquidity remains robust, supporting a trade size of Rs 26.27 crore based on 2% of the 5-day average traded value. This increase in open interest and stable trading performance underscores the stock's active position in the market.
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