IDFC First Bank Sees Surge in Open Interest Amid Increased Trading Activity
IDFC First Bank Ltd. has seen a notable rise in open interest, reaching 131,676 contracts, alongside a trading volume of 91,941 contracts. The stock has outperformed its sector and demonstrated consistent gains, trading above multiple moving averages, indicating a strong upward trend and robust liquidity.
IDFC First Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 131,676 contracts, up from the previous figure of 118,832, marking a change of 12,844 contracts or a 10.81% increase. The trading volume for the day reached 91,941 contracts, contributing to a total futures value of approximately Rs 215.04 lakhs and an options value of Rs 25,467.12 crores, bringing the total value to around Rs 219.77 lakhs.In terms of performance, IDFC First Bank has outperformed its sector by 0.66% today, with a 1.59% return. The stock has shown consistent gains over the past two days, accumulating a total return of 7.49%. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock's delivery volume surged to 4.44 crore shares on April 21, reflecting a 94.69% increase compared to the 5-day average, suggesting robust liquidity for trades sized at Rs 7.63 crore.
Overall, the notable rise in open interest and strong performance metrics highlight IDFC First Bank's active trading environment today.
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