Surge in Open Interest for Indian Bank Signals Shift in Trading Dynamics

May 05 2025 10:00 AM IST
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Indian Bank has seen a significant rise in open interest, reaching 11,410 contracts, indicating increased trading activity. The day's trading volume was 8,117 contracts, contributing to a total futures and options value of approximately Rs 11,092.35 lakhs. The stock has also shown a notable price recovery after a recent decline.
Indian Bank has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 11,410 contracts, up from the previous 10,251, marking a change of 1,159 contracts or an 11.31% increase. The trading volume for the day reached 8,117 contracts, contributing to a futures value of approximately Rs 10,230.14 lakhs and an options value of around Rs 3,462.21 crores, bringing the total value to Rs 11,092.35 lakhs.

In terms of price performance, Indian Bank has outperformed its sector by 1.23%, reversing a three-day decline with a 2.13% gain today. The stock touched an intraday high of Rs 579, reflecting a 3.74% increase. While the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it remains below its 5-day moving average. Notably, delivery volume has decreased by 18.82% compared to the five-day average, indicating a decline in investor participation.

Overall, the increase in open interest alongside the stock's recent performance highlights a significant shift in trading dynamics for Indian Bank, a large-cap player in the public banking sector.
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