Surge in Open Interest Signals Increased Activity in MCX Derivatives Market
Multi Commodity Exchange of India Ltd (MCX) has seen a notable rise in open interest, reaching 27,505 contracts, alongside a trading volume of 24,702 contracts. Despite recent price fluctuations and a decline in delivery volume, MCX remains above key moving averages, indicating active engagement in the derivatives market.
Multi Commodity Exchange of India Ltd (MCX) has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 27,505 contracts, up from the previous figure of 24,401, marking a change of 3,104 contracts or a 12.72% increase. The trading volume for the day reached 24,702 contracts, contributing to a total futures value of approximately Rs 38,204.28 lakhs.In terms of price performance, MCX has underperformed its sector by 1.05%, with the stock experiencing a trend reversal after ten consecutive days of gains. The stock reached an intraday high of Rs 6,350, reflecting a 2% increase, while it also touched a low of Rs 5,922, representing a decline of 4.88%. The weighted average price indicates that more volume was traded closer to the lower price point.
Despite the fluctuations, MCX is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, delivery volume has decreased significantly, falling by 44.46% compared to the 5-day average. Overall, the increase in open interest amid these price movements highlights a dynamic trading environment for MCX in the finance/NBFC sector.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
