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 48,009 contracts, alongside a trading volume of 76,851 contracts. The stock achieved a new all-time high of Rs 7,744 and demonstrated strong momentum, outperforming its sector and showing increased delivery volume.
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 48,009 contracts, up from the previous 40,778, marking a change of 7,231 contracts or an increase of 17.73%. The trading volume for the day reached 76,851 contracts, contributing to a futures value of approximately Rs 61,925.11 lakhs.In terms of price performance, MCX hit a new 52-week and all-time high of Rs 7,744, representing a 4.39% increase during the trading session. The stock has shown strong momentum, gaining 20.16% over the past nine consecutive days and outperforming its sector by 3% today. It opened with a gain of 2.03% and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
The delivery volume on June 6 reached 413,000 shares, a notable increase of 154.27% compared to the 5-day average. With a market capitalization of Rs 37,839 crore, MCX remains a liquid option for trades sized at Rs 12.2 crore, indicating robust market participation. Overall, the surge in open interest and strong price performance underscores the active trading environment surrounding MCX.
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