Surge in Open Interest Signals Increased Trading Activity for Indian Bank Stock

May 05 2025 11:00 AM IST
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Indian Bank has seen a notable rise in open interest, reaching 12,182 contracts, alongside a trading volume of 13,651 contracts. The stock has outperformed its sector and is trading above multiple moving averages, indicating a positive trend, despite a decline in delivery volume compared to the previous average.
Indian Bank has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 12,182 contracts, up from the previous 10,251 contracts, marking a change of 1,931 contracts or an 18.84% increase. The trading volume for the day reached 13,651 contracts, contributing to a total futures value of approximately Rs 14,634.84 lakhs and an options value of around Rs 6,121.29 lakhs, bringing the total value to Rs 16,043.48 lakhs.

In terms of price performance, Indian Bank has outperformed its sector by 3.56%, reversing a three-day decline with a 1D return of 2.40%. The stock touched an intraday high of Rs 579, reflecting a gain of 3.74%. Additionally, Indian Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price trajectory.

Despite a decline in delivery volume by 18.82% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.96 crore, with a market capitalization of Rs 76,978.99 crore. Overall, the notable increase in open interest and the stock's recent performance highlight a dynamic trading environment for Indian Bank.
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