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 40,123 contracts, indicating increased trading activity. The day's trading volume hit 60,317 contracts, with significant futures and options values. Despite a drop in delivery volume, MCX remains a dynamic player in the market.
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 40,123 contracts, marking a rise of 4,383 contracts or 12.26% from the previous open interest of 35,740. The trading volume for the day reached 60,317 contracts, contributing to a total futures value of approximately Rs 51,792.47 lakhs and an options value of Rs 29,076.26 crore.In terms of price performance, MCX has outperformed its sector by 0.96% and has shown a consecutive gain over the last two days, with a total return of 3.12% during this period. The stock touched an intraday high of Rs 5,491, reflecting a 4.67% increase. While the stock is currently trading above its 20-day moving averages, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages.
Despite a decline in delivery volume, which fell by 26.67% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 4.34 crore. Overall, the notable increase in open interest highlights a dynamic trading environment for MCX, underscoring the stock's active market presence.
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