Nestle India Sees 12.54% Surge in Open Interest, Reaching 57,223 Contracts

Nestle India Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 57,223 contracts, up from the previous 50,846, marking a change of 6,377 contracts or a 12.54% increase. The trading volume for the day reached 55,872 contracts, indicating robust market engagement.
In terms of price performance, Nestle India is currently trading close to its 52-week high, just 3.17% away from Rs 1,259.85. The stock has shown resilience, gaining 4.08% today, outperforming its sector, which returned 1.16%, and the Sensex, which saw a return of 0.71%. Notably, the stock has reversed its trend after two consecutive days of decline, reaching an intraday high of Rs 1,225, a rise of 4.21%.

Additionally, Nestle India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The delivery volume on October 14 was recorded at 783,000 shares, a 32.28% increase compared to the 5-day average, suggesting rising investor participation. Overall, the notable spurt in open interest and positive price movements highlight a dynamic trading environment for Nestle India.