Kotak Mahindra Bank Sees 13.61% Surge in Open Interest, Reaching 149,835 Contracts

Kotak Mahindra Bank Ltd (KOTAKBANK) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 149,835 contracts, up from the previous figure of 131,887, marking a change of 17,948 contracts or a 13.61% increase. This surge in open interest coincides with a trading volume of 106,691 contracts, indicating robust participation in the market.
In terms of price performance, Kotak Mahindra Bank has traded within a narrow range of Rs 17.6 today. The stock is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below its 5-day moving average. The delivery volume has also seen a notable rise, with 28.6 lakh shares delivered on October 28, reflecting a 57.4% increase compared to the 5-day average delivery volume.

With a market capitalization of Rs 4,29,424.79 crore, Kotak Mahindra Bank remains a significant player in the private sector banking industry. The liquidity of the stock is adequate for trading, with a size of Rs 15.39 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Kotak Mahindra Bank.