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 91,562 contracts, alongside increased trading volume of 48,894 contracts. The stock has outperformed its sector and is trading above key moving averages, indicating strong market activity and liquidity, with a market capitalization of Rs 52,893.72 crore.
IDFC First Bank Ltd. has experienced a significant increase in open interest (OI) today, reflecting heightened trading activity. The latest OI stands at 91,562 contracts, up from the previous OI of 80,091, marking a change of 11,471 contracts or a 14.32% increase. The trading volume for the day reached 48,894 contracts, contributing to a total futures value of approximately Rs 180,534.06 lakhs.In terms of price performance, IDFC First Bank has outperformed its sector by 0.68%, with the stock gaining 3.21% over the past three days. Today, it reached an intraday high of Rs 72.45, reflecting a 2.03% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Additionally, the delivery volume has shown a notable rise, with 1.29 crore shares delivered on June 23, up 20.14% compared to the 5-day average. With a market capitalization of Rs 52,893.72 crore, IDFC First Bank continues to demonstrate robust liquidity, suitable for trades of Rs 3.19 crore. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.
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