RBL Bank Sees Significant Surge in Open Interest Amid Increased Derivatives Activity
RBL Bank Ltd has seen a notable rise in open interest, reaching 48,784 contracts, alongside a trading volume of 41,083 contracts, indicating increased activity in the derivatives market. The stock has performed well, trading above key moving averages, despite a slight decline in delivery volume.
RBL Bank Ltd, a mid-cap player in the private sector banking industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 48,784 contracts, reflecting a notable rise of 10,364 contracts or 26.98% from the previous OI of 38,420. This surge in OI comes alongside a trading volume of 41,083 contracts, indicating heightened activity in the derivatives market.In terms of price performance, RBL Bank has shown resilience, gaining 6.07% over the past four days. Today, the stock reached an intraday high of Rs 243.89, marking a 2.99% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.
Despite this positive momentum, there has been a slight decline in investor participation, with delivery volume dropping by 3.1% compared to the 5-day average. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 4.53 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and consistent price performance highlights RBL Bank's active presence in the market today.
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