LIC Housing Finance Sees 12.66% Surge in Open Interest, Reaching 53,826 Contracts

LIC Housing Finance Ltd has experienced a notable increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 53,826 contracts, up from the previous figure of 47,778, marking a change of 6,048 contracts or a percentage increase of 12.66%. This surge in open interest coincides with a trading volume of 22,528 contracts, indicating robust participation in the market.
In terms of overall market performance, LIC Housing Finance has shown a stock return of 0.78% today, which is slightly above the sector's return of 0.58% and the Sensex's return of 0.68%. The stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Despite a decline in delivery volume, which fell by 45.02% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 1.2 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 32,080 crore, LIC Housing Finance continues to hold a significant position within the housing finance sector. Overall, the increase in open interest highlights a shift in market dynamics for the stock, warranting attention from market participants.