Kotak Mahindra Bank Sees Surge in Open Interest Amid Active Derivatives Trading
Kotak Mahindra Bank Ltd has seen a notable rise in open interest, reaching 135,395 contracts, alongside a trading volume of 157,800 contracts. The stock achieved a new all-time high of Rs 2,301.9 and has consistently gained over the past six days, reflecting strong investor engagement.
Kotak Mahindra Bank Ltd (KOTAKBANK) has experienced a significant increase in open interest today, reflecting heightened activity in its derivatives market. The latest open interest stands at 135,395 contracts, up from the previous figure of 122,579, marking a change of 12,816 contracts or a 10.46% increase. The trading volume for the day reached 157,800 contracts, indicating robust participation.In terms of price performance, Kotak Mahindra Bank hit a new 52-week and all-time high of Rs 2,301.9, representing a 2.7% increase during the trading session. The stock has shown consistent gains over the past six days, accumulating a total return of 10.81% in this period. Notably, it has outperformed its sector by 0.53% today.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume on April 21 reached 32.89 lakh shares, a 4.9% increase compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 4,52,797.90 crore, Kotak Mahindra Bank remains a significant player in the private banking sector. Overall, the increase in open interest and strong price performance underscores the stock's active trading environment.
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