Multi Commodity Exchange Sees 11.22% Surge in Open Interest to 52,515 Contracts

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 52,515 contracts, marking an increase of 5,296 contracts or 11.22% from the previous open interest of 47,219. This surge in open interest coincides with a trading volume of 65,608 contracts, indicating robust market engagement.
In terms of price performance, MCX underperformed its sector by 0.66%, with the stock reaching an intraday high of Rs 8,889, reflecting a 2.1% increase during the trading session. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its short to long-term performance metrics.

Additionally, the delivery volume on October 9 has seen a remarkable rise of 194.7% compared to the 5-day average, with a total delivery volume of 3.57 lakh shares. The liquidity of the stock remains strong, with a trade size of Rs 9.45 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for MCX highlights a shift in trading dynamics, while the stock's performance metrics indicate a complex market position amid varying sector trends.