Surge in Open Interest Signals Increased Trading Activity for MCX Stock
Multi Commodity Exchange of India Ltd (MCX) has seen a notable rise in open interest, reaching 32,469 contracts, alongside a trading volume of 19,290 contracts. The stock is near its 52-week high and has demonstrated strong momentum, outperforming its sector and showing consistent upward trends over the past week.
Multi Commodity Exchange of India Ltd (MCX) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 32,469 contracts, marking a rise of 3,054 contracts or 10.38% from the previous open interest of 29,415. This surge in open interest coincides with a trading volume of 19,290 contracts, indicating robust market engagement.In terms of price performance, MCX is currently trading close to its 52-week high, just 3.66% away from Rs 7,048.6. The stock has shown strong momentum, outperforming its sector by 1.27% today and achieving a 1.36% return. Over the past five days, MCX has gained 5.86%, reflecting a consistent upward trend. The stock reached an intraday high of Rs 6,850, representing a 2.25% increase.
Additionally, MCX is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong technical position. The liquidity remains favorable, with a delivery volume of 1.14 lakh on June 2, up 5.44% compared to the 5-day average. Overall, the notable increase in open interest and positive price movements underscore the stock's active trading environment.
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