ITC Ltd. Sees 12.11% Surge in Open Interest, Reaching 134,816 Contracts

ITC Ltd., a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 134,816 contracts, up from the previous figure of 120,250, marking a change of 14,566 contracts or a 12.11% increase. The trading volume for the day reached 54,985, contributing to a total futures value of approximately Rs 147,180.59 lakhs. Despite this uptick in open interest, ITC's stock is currently trading close to its 52-week low, just 3.21% away from Rs 390.15. The stock's performance today aligns closely with the sector, showing a 1D return of -1.02%, slightly underperforming the sector's return of -1.01%. Additionally, ITC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Notably, there has been a rise in investor participation, with a delivery volume of 1.42 crore on September 29, reflecting a 25.02% increase compared to the 5-day average. The stock remains liquid, with a trade size of Rs 14.97 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for ITC Ltd.