Infosys Sees Significant Open Interest Surge Amid Ongoing Market Challenges
Infosys Ltd has reported a notable rise in open interest, reaching 236,305 contracts, alongside a trading volume of 100,233 contracts. Despite this increase, the stock has underperformed its sector and experienced a decline over the past two days, trading below multiple moving averages.
Infosys Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 236,305 contracts, reflecting a rise of 21,768 contracts or 10.15% from the previous open interest of 214,537. This uptick comes alongside a trading volume of 100,233 contracts, indicating active market participation.Despite this surge in open interest, Infosys has underperformed its sector by 1.03%, with the stock recording a 1D return of -2.25%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 2.92%. The intraday low reached today was Rs 1,470, marking a decrease of 2.58% from the previous close.
In terms of liquidity, Infosys remains accessible for trading, with a delivery volume of 46.02 lakh shares on July 31, although this represents a decline of 25.63% compared to the five-day average. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
In summary, while Infosys has seen a notable increase in open interest, the stock's recent performance reflects broader market challenges.
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