IDFC First Bank Sees 10.08% Surge in Open Interest, Reaching 80,492 Contracts

IDFC First Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 80,492, up from the previous figure of 73,120, marking a change of 7,372, or an increase of 10.08%. The trading volume for the day reached 32,653, contributing to a futures value of approximately Rs 113.74 crore.
In terms of price performance, IDFC First Bank is currently trading at Rs 78, just 1.97% away from its 52-week high of Rs 80.1. The stock's performance today aligns closely with the sector, which has seen a 1D return of -0.69%, while IDFC First Bank recorded a slight decline of -0.77%. Notably, 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 delivery volume surged to 5.28 crore on October 23, reflecting a 160.44% increase compared to the 5-day average, suggesting robust liquidity. With a market capitalization of Rs 63,870.58 crore, IDFC First Bank continues to maintain a solid presence in the private sector banking industry. Overall, the notable rise in open interest and trading volume underscores the active engagement in IDFC First Bank's stock today.