Jio Financial Services Sees 11.76% Surge in Open Interest to 130,309

Jio Financial Services Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 130,309, marking a rise of 13,715 from the previous open interest of 116,594, which translates to an 11.76% change. This uptick in open interest comes alongside a trading volume of 71,043, indicating active market participation.
In terms of price performance, Jio Financial Services has shown a slight decline of 0.16% today, which is in line with the sector's performance, as the broader NBFC sector recorded a 0.33% drop. The stock has recently reversed its trend after three consecutive days of gains. Currently, it is trading above its 5-day, 20-day, and 200-day moving averages, yet remains below its 50-day and 100-day moving averages.

Investor participation appears to be waning, with a delivery volume of 39.53 lakh shares on October 30, reflecting a decrease of 34.75% compared to the 5-day average. The stock maintains adequate liquidity, suitable for trades up to Rs 5.99 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Jio Financial Services, amidst a backdrop of fluctuating price movements.