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 32,989 contracts, alongside a trading volume of 24,499 contracts. Despite a slight decline in stock price, MCX maintains resilience above key moving averages, indicating active market engagement and trading dynamics.
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 32,989 contracts, marking an increase of 3,308 contracts or 11.15% from the previous open interest of 29,681 contracts. The trading volume for the day reached 24,499 contracts, contributing to a total futures value of approximately Rs 32,227 lakhs.In terms of price performance, MCX has outperformed its sector by 0.95%, despite a slight decline in its stock price, which touched an intraday low of Rs 7,534.5, representing a decrease of 2.06%. The stock has shown resilience, maintaining values above its 100-day and 200-day moving averages, although it is currently below its 5-day, 20-day, and 50-day moving averages.
Investor participation has seen a decline, with delivery volume dropping by 9.87% compared to the 5-day average. Nevertheless, the stock remains liquid, accommodating trade sizes of Rs 6.02 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest indicates a dynamic trading environment for MCX, reflecting ongoing market engagement.
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