Nestle India Sees 19.46% Surge in Open Interest Amid Market Challenges

Nestle India Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting notable trading activity. The latest open interest stands at 60,025 contracts, marking a rise of 9,780 contracts or 19.46% from the previous open interest of 50,245. This surge in open interest is accompanied by a trading volume of 22,154 contracts, indicating heightened market engagement.
In terms of price performance, Nestle India has seen a decline of 0.56% today, aligning with a broader sector trend where the FMCG sector recorded a 0.18% drop. Over the past three days, the stock has faced consecutive losses, totaling a decline of 1.82%. Despite this downturn, the stock remains above its 200-day moving average, although it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages.

Investor participation appears to be waning, with a delivery volume of 9.11 lakh shares on September 26, down 16.49% compared to the five-day average. The liquidity remains adequate for trades sized at Rs 3.59 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest for Nestle India highlights a shift in market dynamics, warranting attention from market participants.