Indian Bank Sees 22.81% Surge in Open Interest, Reaching 16,790
Indian Bank has seen a notable rise in open interest, reaching 16,790 contracts, alongside a trading volume of 57,158 contracts, indicating increased market activity. The stock achieved a new all-time high of Rs. 722 and is trading favorably above key moving averages, reflecting strong performance in the public sector banking sector.
Indian Bank has experienced a significant increase in open interest (OI) today, reflecting heightened trading activity. The latest OI stands at 16,790 contracts, up from the previous OI of 13,672 contracts, marking a change of 3,118 contracts or a 22.81% increase. The trading volume for the day reached 57,158 contracts, indicating robust participation in the market.In terms of price performance, Indian Bank reached a new 52-week and all-time high of Rs. 722, representing a 3.87% increase for the day. The stock has outperformed its sector by 2.51%, showcasing its strong market position. Additionally, Indian Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.
The stock's liquidity remains favorable, with a delivery volume of 799,000 shares on September 23, reflecting a 34.26% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 95,904 crore, Indian Bank continues to demonstrate solid performance metrics within the public sector banking industry. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment.
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