Oracle Financial Services Sees Surge in Open Interest Amid Increased Derivatives Activity
Oracle Financial Services Software Ltd has seen a notable rise in open interest, reaching 34,234 contracts, alongside a trading volume of 55,085 contracts. The stock has outperformed its sector, gaining 11.69% over the past week, while delivery volume surged significantly, indicating increased market activity and liquidity.
Oracle Financial Services Software Ltd (OFSS) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 34,234 contracts, up from the previous 30,312, marking a change of 3,922 contracts or a 12.94% increase. The trading volume for the day reached 55,085 contracts, indicating robust participation.In terms of price performance, Oracle Financial Services has outperformed its sector by 0.73%, with the stock gaining 11.69% over the past five days. Today, it reached an intraday high of Rs 9,438, reflecting a 3.02% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
Additionally, the delivery volume has surged to 112,000 shares, an increase of 85.64% compared to the 5-day average, suggesting a rise in liquidity. With a market capitalization of Rs 81,105.25 crore, Oracle Financial Services continues to maintain a strong position in the software products industry. Overall, the notable spurt in open interest and the stock's recent performance highlight a dynamic trading environment for OFSS.
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