ICICI Bank Sees Significant Surge in Open Interest Amid Active Market Participation

ICICI Bank Ltd., a prominent player in the private sector banking industry, has experienced a notable increase in open interest today. The latest open interest stands at 224,273 contracts, reflecting a significant rise of 23,786 contracts, or 11.86%, from the previous open interest of 200,487. This surge in open interest comes alongside a trading volume of 109,000 contracts, indicating active participation in the market.
In terms of price performance, ICICI Bank is currently trading at Rs 1,483, just 0.98% away from its 52-week high of Rs 1,500. Despite a slight decline of 0.18% in its one-day return, the stock has been performing in line with its sector, which saw a modest gain of 0.09%. Over the past two days, ICICI Bank has faced a consecutive fall, with a total decline of 0.2%.

The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Additionally, the liquidity remains robust, with a delivery volume of 74.29 lakh shares on July 29, reflecting a 7.85% increase compared to the 5-day average. Overall, the increase in open interest highlights a shift in market dynamics for ICICI Bank, underscoring its active trading environment.