Mphasis Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Mphasis Ltd. has seen a notable rise in open interest, reaching 36,216 contracts, alongside a trading volume of 45,904 contracts, indicating strong market activity. The stock has performed positively, trading above several moving averages, while the IT - Software sector also experienced gains, reflecting overall market enthusiasm.
Mphasis Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 36,216 contracts, up from the previous 31,643, marking a change of 4,573 contracts or a 14.45% increase. The trading volume for the day reached 45,904 contracts, indicating robust market engagement.In terms of price performance, Mphasis opened with a gain of 2.38% and reached an intraday high of Rs 2,523.90, reflecting a rise of 5.08% during the session. The stock has shown a positive trend over the past four days, accumulating a total return of 9.9%. Currently, Mphasis is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.
The IT - Software sector has also seen a gain of 3.77% today, contributing to the overall positive sentiment in the market. Despite a slight decline in delivery volume, Mphasis maintains sufficient liquidity for trading, with a market capitalization of Rs 47,139 crore. Overall, the notable increase in open interest underscores the active trading environment surrounding Mphasis Ltd.
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