Punjab National Bank Sees Surge in Open Interest Amid Increased Trading Activity

May 07 2025 03:00 PM IST
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Punjab National Bank has seen a notable rise in open interest, reaching 59,699 contracts, alongside a trading volume of 73,838 contracts, indicating increased market activity. Despite a slight uptick in stock performance, PNB remains below key moving averages, suggesting ongoing challenges in its market position.
Punjab National Bank (PNB) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 59,699 contracts, up from the previous 52,103 contracts, marking a change of 7,596 contracts or a 14.58% increase. The trading volume for the day reached 73,838 contracts, indicating robust participation in the market.

In terms of performance, PNB's stock has shown a slight uptick of 0.11% today, contrasting with a sector decline of 0.17%. This marks a trend reversal for the stock, which had been on a downward trajectory for four consecutive days. However, it is important to note that PNB is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

The liquidity of the stock remains favorable, with a delivery volume of 1.32 crore on May 6, reflecting a 93.05% increase compared to the 5-day average delivery volume. Overall, the notable rise in open interest for Punjab National Bank highlights a shift in market dynamics, warranting attention from market participants.
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