Indian Oil Corporation Sees 10.75% Surge in Open Interest Amid Increased Trading Activity

Indian Oil Corporation Ltd (IOC), a prominent player in the oil industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 53,151 contracts, marking an increase of 5,161 contracts or 10.75% from the previous open interest of 47,990. The trading volume for the day reached 57,470 contracts, indicating robust market engagement.
In terms of price performance, IOC is currently trading close to its 52-week high, just 0.66% away from Rs 167.1. The stock has outperformed its sector by 1.47% today, with a 1.60% return on the day. Over the past three days, IOC has shown a consistent upward trend, gaining 7.44% in returns. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish momentum.

Additionally, the delivery volume on October 30 reached 1.42 crore, a notable increase of 35.69% compared to the 5-day average. With a market capitalization of Rs 2,34,582.01 crore, IOC remains a liquid stock, suitable for trades around Rs 9.39 crore based on 2% of the 5-day average traded value. Overall, the surge in open interest and positive price performance underscores the stock's active trading environment.