Surge in Open Interest for Oil India Ltd. Signals Shift in Market Sentiment

May 22 2025 01:00 PM IST
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Oil India Ltd. has seen a notable rise in open interest, reaching 20,496 contracts, alongside a trading volume of 32,574 contracts. Despite a decline in stock performance and reduced investor participation, the stock remains above several moving averages, indicating a complex trading environment.
Oil India Ltd. has experienced a significant increase in open interest today, reflecting notable activity in its trading dynamics. The latest open interest stands at 20,496 contracts, up from the previous 17,740 contracts, marking a change of 2,756 contracts or a 15.54% increase. This surge coincides with a trading volume of 32,574 contracts, indicating robust market engagement.

In terms of price performance, Oil India Ltd. has underperformed its sector by 0.71%, with the stock recording a 1D return of -2.04%. The stock reached an intraday low of Rs 404.1, representing a decline of 5.25%. Despite this downturn, the stock remains above its 20-day, 50-day, and 100-day moving averages, although it is trading below its 5-day and 200-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 52.71% compared to the 5-day average. The liquidity remains adequate, with the stock being liquid enough for a trade size of Rs 0.46 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market sentiment, while the stock navigates through a challenging trading environment.
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