NCC Ltd Sees Surge in Open Interest Amid Increased Futures Market Activity
NCC Ltd has seen a significant rise in open interest, reaching 21,240 contracts, alongside a trading volume of 17,996 contracts, indicating increased market activity. The stock outperformed its sector and is trading above several moving averages, despite a decline in delivery volume.
NCC Ltd, a mid-cap player in the construction industry, has experienced a notable increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 21,240 contracts, reflecting a rise of 1,933 contracts or 10.01% from the previous open interest of 19,307. This uptick coincides with a trading volume of 17,996 contracts, indicating robust engagement from market participants.In terms of price performance, NCC Ltd outperformed its sector by 0.62%, reaching an intraday high of Rs 237.3, which represents a gain of 2.75% for the day. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.
Despite a decline in delivery volume, which fell by 20.85% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 1.39 crore, based on 2% of the 5-day average traded value.
Overall, the increase in open interest alongside the stock's performance metrics highlights a significant moment for NCC Ltd in the current market landscape.
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