Life Insurance Corporation of India Sees 11.53% Surge in Open Interest to 29,334 Contracts
Life Insurance Corporation of India (LICI) has seen a significant rise in open interest, reaching 29,334 contracts, alongside a trading volume of 37,570 contracts. The stock has shown resilience, gaining 0.36%, while maintaining a market capitalization of Rs 5,71,622 crore despite a decline in delivery volume.
Life Insurance Corporation of India (LICI) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 29,334 contracts, marking an increase of 3,033 contracts or 11.53% from the previous open interest of 26,301. This surge in open interest coincides with a trading volume of 37,570 contracts, indicating robust market engagement.In terms of price performance, LICI's stock has shown resilience, gaining 0.36% today, in contrast to the sector's average return of 0.21% and the Sensex's decline of 0.22%. The stock reached an intraday high of Rs 914, reflecting a 2% increase. While the stock is currently trading above its 50-day and 200-day moving averages, it remains below its 5-day, 20-day, and 100-day moving averages.
Despite a decline in delivery volume, which fell by 38.8% compared to the 5-day average, LICI maintains sufficient liquidity for trading, with a market capitalization of Rs 5,71,622 crore. The increase in open interest suggests a shift in market dynamics, warranting attention from market participants.
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