RBL Bank Sees 12.43% Surge in Open Interest, Reaching 35,102 Contracts

RBL Bank Ltd, a small-cap player in the private sector banking industry, has experienced a notable increase in open interest today. The latest open interest stands at 35,102 contracts, reflecting a rise of 3,881 contracts or 12.43% from the previous open interest of 31,221. The trading volume for the day reached 16,800, contributing to a futures value of approximately Rs 68.62 crore.
In terms of price performance, RBL Bank is currently trading just 2.31% below its 52-week high of Rs 305. However, it has underperformed its sector by 1.18% today, with a 1D return of -0.63%, while the sector and Sensex posted returns of 0.70% and 0.54%, respectively. The stock has seen a trend reversal after two consecutive days of gains.

RBL Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price action. Additionally, the delivery volume on October 15 reached 1.17 crore, marking a 32.22% increase compared to the 5-day average delivery volume, suggesting rising investor participation. Overall, the increase in open interest alongside these performance metrics highlights a significant day for RBL Bank in the market.