Nuvama Wealth Management Sees 12.16% Surge in Open Interest to 11,406 Contracts

Nuvama Wealth Management Ltd (NUVAMA) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 11,406 contracts, up from the previous 10,169, marking a change of 1,237 contracts or a 12.16% increase. The trading volume for the day reached 9,721 contracts, contributing to a futures value of approximately Rs 6,337.40 lakhs and an options value of around Rs 4,730.64 crores, bringing the total value to Rs 7,361.94 lakhs.
In terms of price performance, Nuvama Wealth Management has outperformed its sector by 1.73%, with the stock gaining 1.76% today. Over the past ten days, the stock has shown a remarkable upward trend, rising 20.21%. It reached an intraday high of Rs 7,314.50, reflecting a 2.63% increase. Notably, Nuvama is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 50.81% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 3.21 crores, given its market capitalization of Rs 26,139 crores in the capital markets industry. Overall, the notable spurt in open interest and consistent price performance underscores the current dynamics surrounding Nuvama Wealth Management.