IDFC First Bank Sees 13.72% Surge in Open Interest Amid Increased Trading Activity

IDFC First Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 81,740 contracts, up from the previous 71,879, marking a change of 9,861 contracts or a 13.72% increase. The trading volume for the day reached 100,969 contracts, indicating robust market engagement.
In terms of price performance, IDFC First Bank hit a new 52-week high of Rs 80.1, representing a 4.34% increase during the trading session. The stock has outperformed its sector, delivering a 1D return of 3.70%, compared to the sector's return of 0.34% and the Sensex's return of 0.31%. Notably, IDFC First Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, there has been a decline in investor participation, with delivery volume dropping by 68.61% against the 5-day average. The stock remains liquid, with a trade size of Rs 5.94 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and the stock's performance metrics highlight a dynamic trading environment for IDFC First Bank.