Indian Energy Exchange Sees Surge in Open Interest Amid Increased Trading Activity
Indian Energy Exchange Ltd (IEX) has seen a notable rise in open interest, indicating increased trading activity. The trading volume reached 33,775 contracts, with a significant delivery volume recorded. IEX's market capitalization stands at Rs 17,664 crore, reflecting its strong position in the power generation and distribution sector.
Indian Energy Exchange Ltd (IEX) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 19,286 contracts, up from the previous 15,211 contracts, marking a change of 4,075 contracts or a 26.79% increase. The trading volume for the day reached 33,775 contracts, contributing to a total futures value of approximately Rs 49,108.18 lakhs.In terms of price performance, IEX opened with a gain of 2.07% and reached an intraday high of Rs 201.35, representing a 5.51% increase. The stock has outperformed its sector, which has seen a decline of 3.69%, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume on April 24 was recorded at 16.95 lakhs, reflecting a 14.77% increase compared to the 5-day average delivery volume.
With a market capitalization of Rs 17,664 crore, Indian Energy Exchange continues to demonstrate robust trading dynamics in the power generation and distribution sector. The notable rise in open interest underscores the active engagement in the stock, highlighting its current market position.
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