RBL Bank Sees 12.78% Surge in Open Interest, Totaling 38,134 Contracts

RBL Bank Ltd, a small-cap player in the private sector banking industry, has experienced a significant increase in open interest today. The latest open interest stands at 38,134 contracts, reflecting a rise of 4,321 contracts or 12.78% from the previous open interest of 33,813. The trading volume for the day reached 34,214 contracts, indicating robust activity in the derivatives market.
In terms of price performance, RBL Bank is currently trading just 2.16% away from its 52-week high of Rs 328.8. The stock has shown resilience, gaining 1.90% today, outperforming its sector, which recorded a return of 0.37%. Notably, RBL Bank has reversed a three-day downward trend, reaching an intraday high of Rs 325.9, a 3.15% increase.

Despite a decline in delivery volume, which fell by 58.1% against the five-day average, the stock remains liquid enough for trades sized at Rs 20.31 crore, based on 2% of the five-day average traded value. Overall, the notable spurt in open interest and positive price movement highlights a dynamic trading environment for RBL Bank.