Nuvama Wealth Management Sees Surge in Open Interest Amid Increased Market Activity

Nuvama Wealth Management Ltd (NUVAMA) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 11,929 contracts, up from the previous 9,473 contracts, marking a change of 2,456 contracts or a 25.93% increase. The trading volume for the day reached 32,818 contracts, indicating robust participation in the market.
In terms of price performance, Nuvama has outperformed its sector by 3.43%, with a notable 1-day return of 3.38%. The stock has been on a positive trajectory, gaining 5.02% over the last two days. Today, it reached an intraday high of Rs 7,148.5, reflecting a 4.29% increase. The stock's performance is also supported by its position relative to moving averages, being higher than the 5-day, 20-day, 100-day, and 200-day averages, although it remains below the 50-day moving average.

With a market capitalization of Rs 25,375 crore, Nuvama operates within the capital markets industry, showcasing liquidity that accommodates trades of up to Rs 2.67 crore based on 2% of the 5-day average traded value. Overall, the surge in open interest and positive price movements highlight a dynamic trading environment for Nuvama Wealth Management.