LIC Housing Finance Sees 11.9% Surge in Open Interest to 50,724 Contracts

LIC Housing Finance Ltd, a prominent player in the housing finance sector, has experienced a significant increase in open interest today. The latest open interest stands at 50,724 contracts, reflecting a rise of 5,395 contracts or 11.9% from the previous open interest of 45,329. This uptick comes alongside a trading volume of 19,764 contracts, indicating active participation in the derivatives market.
In terms of market performance, LIC Housing Finance has outperformed its sector by 1.3%, despite facing a decline over the past six days, during which the stock has recorded a total return of -4.69%. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

The broader housing finance sector has also seen a downturn, with a decline of 2.37%. Notably, the stock's delivery volume has decreased significantly, falling by 72.19% compared to its 5-day average, indicating a reduction in investor participation. With a market capitalization of Rs 31,486 crore, LIC Housing Finance remains a key player in the mid-cap segment of the housing finance industry. Overall, the increase in open interest highlights a notable shift in market dynamics for LIC Housing Finance.