Surge in Open Interest Signals Increased Trading Activity for MCX Stock
Multi Commodity Exchange of India Ltd (MCX) has reported a notable rise in open interest, reaching 28,241 contracts, alongside a trading volume of 29,599 contracts. The stock has shown resilience, trading above key moving averages and experiencing a significant increase in delivery volume, highlighting active market engagement.
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 28,241 contracts, marking a rise of 4,202 contracts or 17.48% from the previous open interest of 24,039. This surge coincides with a trading volume of 29,599 contracts, indicating robust market engagement.In terms of price performance, MCX has shown resilience, gaining 2.69% over the past three days. Today, the stock reached an intraday high of Rs 6,706, reflecting a 2.03% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.
Additionally, the delivery volume has seen a remarkable increase, with 2.41 lakh shares delivered on May 29, representing a 240.8% rise compared to the 5-day average. With a market capitalization of Rs 33,635.97 crore, MCX remains a significant player in the capital markets sector. Overall, the notable increase in open interest and trading volume underscores the active participation in MCX's market performance today.
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