Surge in Open Interest for Interglobe Aviation Signals Increased Market Activity Amid Price Decline

Interglobe Aviation Ltd, trading under the symbol INDIGO, has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 127,062 contracts, up from the previous 98,581, marking a change of 28,481 contracts or a 28.89% increase. The trading volume for the day reached 169,961 contracts, indicating robust market engagement.
In terms of price performance, Interglobe Aviation opened the day with a loss of 2.77%, continuing a downward trend that has seen the stock decline by 4% over the past two days. The stock touched an intraday low of Rs 5,230.5, representing a decrease of 3.5% at its lowest point. Despite this, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 39.5% compared to the 5-day average. The stock's liquidity remains adequate, with a trading capacity of Rs 10.43 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest amid a challenging price environment highlights the dynamic nature of trading in Interglobe Aviation.