IDFC First Bank Sees 13.13% Surge in Open Interest, Reaching 82,722 Contracts

IDFC First Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 82,722 contracts, up from the previous 73,120, marking a change of 9,602 contracts or a 13.13% increase. The trading volume for the day reached 44,231 contracts, contributing to a total futures value of approximately Rs 158.18 lakhs and an options value of Rs 16,764.04 lakhs, bringing the overall total to Rs 160.37 lakhs.
In terms of price performance, IDFC First Bank is currently trading at Rs 78, just 2.43% away from its 52-week high of Rs 80.1. The stock's performance today aligns closely with the sector, with a 1D return of -1.08%, compared to a sector return of -0.94% and a Sensex return of -0.54%. Notably, IDFC First Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price trajectory.

Additionally, the stock has seen a notable rise in delivery volume, with 5.28 crore shares delivered on October 23, reflecting a 160.44% increase against the 5-day average. With a market capitalization of Rs 63,674.93 crore, IDFC First Bank continues to demonstrate liquidity suitable for trades of Rs 8.63 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading metrics highlights a dynamic trading environment for IDFC First Bank.