Nestle India Sees Surge in Open Interest Amidst Price Declines and Market Activity

Nestle India Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 67,941 contracts, reflecting a significant rise of 8,525 contracts or 14.35% from the previous open interest of 59,416. This uptick comes alongside a trading volume of 28,509 contracts, indicating robust engagement from market participants.
In terms of price performance, Nestle India has underperformed its sector by 0.65%, with a 1D return of -1.20%. The stock has faced consecutive declines over the past two days, accumulating a total drop of 2.16%. Despite this, it remains above its 5-day, 20-day, and 200-day moving averages, although it is trading below its 50-day and 100-day moving averages.

Additionally, the stock's liquidity remains adequate, with a delivery volume of 4.12 lakh shares on August 21, which has decreased by 55.76% compared to the 5-day average. The market capitalization of Nestle India is approximately Rs 2,27,387 crore, reinforcing its position as a large-cap entity in the market. Overall, the increase in open interest amidst recent price declines highlights a dynamic trading environment for Nestle India.