Surge in Open Interest Signals Increased Trading Activity for Indian Energy Exchange

Indian Energy Exchange Ltd (IEX) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 17,549 contracts, up from the previous figure of 15,480, marking a change of 2,069 contracts or a 13.37% increase. This surge in open interest coincides with a trading volume of 10,954 contracts, indicating robust market engagement.
In terms of performance, IEX has outperformed its sector by 0.63% today, with a modest 1D return of 0.17%. The stock has shown consistent gains over the past two days, accumulating a total return of 1.06% during this period. Notably, IEX is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 29.04 lakh shares on May 29, reflecting a remarkable increase of 98.86% compared to the 5-day average delivery volume. With a market capitalization of Rs 17,932 crore, IEX remains a notable player in the capital markets industry. Overall, the increase in open interest and trading volume highlights the stock's active market presence.