Surge in Open Interest for IndusInd Bank Signals Shift in Market Sentiment
IndusInd Bank Ltd. has seen a notable rise in open interest in the derivatives market, reaching 218,682 contracts. This increase accompanies a trading volume of 348,146 contracts. Despite an initial price decline, the stock has shown resilience, outperforming its sector and maintaining strong liquidity.
IndusInd Bank Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 218,682 contracts, up from the previous figure of 194,216, marking a change of 24,466 contracts or a 12.6% increase. This surge coincides with a trading volume of 348,146 contracts, indicating heightened market engagement.In terms of price performance, IndusInd Bank opened the day with a loss of 2.59%, reaching an intraday low of Rs 725.8, which represents a decline of 5.73%. Despite this initial setback, the stock has shown resilience, outperforming its sector by 2.46% and achieving a 1.00% return for the day. The stock's weighted average price suggests that more volume was traded closer to its low price, indicating a potential shift in trading dynamics.
Additionally, the stock's liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 3.03 crore, despite a 40.33% decline in delivery volume compared to the five-day average. Overall, the increase in open interest for IndusInd Bank highlights a shift in market sentiment, reflecting the ongoing developments within the private sector banking industry.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
