Indian Bank's Open Interest Surges 10.5% to 20,798 Contracts 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 20,798 contracts, up from the previous 18,821, marking a change of 1,977 contracts or a 10.5% increase. The trading volume for the day reached 19,145 contracts, contributing to a total futures value of approximately Rs 25,382.16 lakhs and an options value of Rs 14,572.65 crores, bringing the total to Rs 28,856.69 lakhs.
In terms of price performance, Indian Bank reached a new 52-week and all-time high of Rs 887.8 today, reflecting a 3.39% increase during the trading session. The stock has outperformed its sector by 0.7% and has shown consistent gains over the past six days, accumulating a total return of 7.13%. Additionally, Indian Bank is currently 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 1,16,418.00 crore, Indian Bank continues to demonstrate robust liquidity, with a delivery volume of 27.19 lakh shares on October 31, which is 165.77% higher than the 5-day average. This surge in open interest and trading activity underscores the stock's dynamic position in the public sector banking industry.