SBI Cards Sees Surge in Open Interest Amid Increased Trading Activity

Jul 01 2025 01:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 35,347 contracts, an increase of 5,567 contracts. The trading volume for the day was 28,044 contracts, with a total futures value of approximately Rs 41,726.51 lakhs, indicating heightened trading activity.
SBI Cards & Payment Services Ltd (SBICARD) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 35,347 contracts, marking an increase of 5,567 contracts or 18.69% from the previous open interest of 29,780. The trading volume for the day reached 28,044 contracts, contributing to a total futures value of approximately Rs 41,726.51 lakhs and an options value of Rs 17,391.48 crores, culminating in a total value of Rs 44,480.92 lakhs.

In terms of price performance, SBI Cards has underperformed its sector by 3.08%, with the stock declining for the last two consecutive days, resulting in a total drop of 7%. The stock touched an intraday low of Rs 921.1, reflecting a decrease of 3.36%. While the stock's weighted average price indicates more volume traded near this low price, it remains above the 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day moving averages.

Overall, the increase in open interest alongside the stock's recent performance highlights a period of heightened trading activity, warranting attention from market participants.
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