Indian Energy Exchange Ltd Sees 14.15% Surge in Open Interest to 42,414 Contracts

Indian Energy Exchange Ltd (IEX) has experienced a significant increase in open interest today, reflecting notable trading activity in the capital markets sector. The latest open interest stands at 42,414 contracts, marking a rise of 5,256 contracts or 14.15% from the previous open interest of 37,158. The trading volume for the day reached 30,477 contracts, contributing to a total futures value of Rs 74,819.26 lakhs and an options value of Rs 9,798.33 lakhs, culminating in a total value of Rs 77,716.58 lakhs.
In terms of price performance, IEX has underperformed its sector by 1.72%, with the stock declining for the past two consecutive days, resulting in a total drop of 6.2%. The stock touched an intraday low of Rs 139.33, reflecting a decrease of 2.94%. Additionally, IEX is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a rise in delivery volume, which reached 42.65 lakhs on October 30, an increase of 8.86% compared to the 5-day average.

In summary, the notable spurt in open interest for Indian Energy Exchange Ltd highlights increased trading activity, despite the stock's recent performance challenges.