Jio Financial Services Sees Surge in Open Interest Amid Active Trading Session
Jio Financial Services Ltd has seen a notable rise in open interest, reaching 127,370 contracts, alongside a trading volume of 92,008 contracts. The stock has outperformed its sector and is trading above multiple moving averages, indicating strong market activity despite a decline in delivery volume.
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 127,370 contracts, marking a notable rise from the previous open interest of 108,240 contracts. This change of 19,130 contracts represents a percentage increase of 17.67%. The trading volume for the day reached 92,008 contracts, contributing to a total futures value of approximately Rs 180,574.77 lakhs.In terms of price performance, Jio Financial Services has outperformed its sector by 3.63%, with the stock hitting an intraday high of Rs 292.3, reflecting a gain of 3.74%. The weighted average price indicates that more volume was traded closer to the low price, suggesting varied trading activity throughout the day. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume by 28.74% compared to the 5-day average, Jio Financial Services maintains sufficient liquidity for trades, with a market cap of Rs 1,78,241.00 crore. Overall, the increase in open interest and robust trading metrics highlight the stock's active market presence today.
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