Indian Bank Sees 11.24% Surge in Open Interest Amid Increased Trading Activity

Indian Bank has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,936 contracts, up from the previous 18,821 contracts, marking a change of 2,115 contracts or an 11.24% increase. The trading volume for the day reached 20,238 contracts, contributing to a total futures value of approximately Rs 27,019.31 lakhs. The options value was notably high at Rs 15,382.69 crores, bringing the total value to Rs 30,656.64 lakhs.
In terms of price performance, Indian Bank reached a new 52-week and all-time high of Rs 887.8, reflecting a 3.39% increase for the day. The stock has outperformed its sector by 0.69% and has shown consistent gains over the past six days, accumulating a total return of 7.13%. Additionally, Indian Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

With a market capitalization of Rs 1,18,398.13 crores, Indian Bank continues to demonstrate robust liquidity, with a delivery volume of 27.19 lakh shares on October 31, representing a 165.77% increase compared to the 5-day average. Overall, the notable rise in open interest and the stock's performance metrics highlight a dynamic trading environment for Indian Bank.