Life Insurance Corporation of India Sees 20.6% Surge in Open Interest to 34,714 Contracts
Life Insurance Corporation of India (LICI) has seen a notable rise in open interest, reaching 34,714 contracts, alongside a trading volume of 40,208 contracts. This uptick indicates increased activity in the derivatives market, while investor participation has also surged, reflecting a dynamic trading environment for the company.
Life Insurance Corporation of India (LICI) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 34,714 contracts, marking a notable rise of 5,929 contracts or 20.6% from the previous open interest of 28,785. This surge coincides with a trading volume of 40,208 contracts, indicating robust participation in the market.In terms of price performance, LICI has underperformed its sector by 2.55%, with the stock reaching an intraday low of Rs 902.6, down 2.33% from the previous close. The weighted average price suggests that more volume was traded closer to this low price point. Notably, 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.
Investor participation has also risen, with a delivery volume of 24.48 lakh shares on November 7, reflecting a 144.67% increase compared to the 5-day average delivery volume. The liquidity of LICI remains favorable, with a trade size of Rs 5.81 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 Life Insurance Corporation of India.
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