SBI Cards Sees Surge in Open Interest, Indicating Shift in Market Dynamics

May 26 2025 02:00 PM IST
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SBI Cards & Payment Services Ltd has seen a notable rise in open interest, reaching 34,127 contracts, alongside a trading volume of 22,244 contracts. The stock is currently trading near its 52-week high and remains above key moving averages, indicating a strong price trend despite a decline in delivery volume.
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 34,127 contracts, up from the previous open interest of 28,602 contracts, marking a change of 5,525 contracts or a 19.32% increase. The trading volume for the day reached 22,244 contracts, contributing to a futures value of approximately Rs 79,063.95 lakhs.

In terms of price performance, SBI Cards is currently trading just 2.65% below its 52-week high of Rs 930.65. The stock has shown resilience, gaining 2.41% over the last two days, although it underperformed its sector, which saw a gain of 2.52%. Notably, SBI Cards is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend in its price performance.

Despite a decline in delivery volume, which fell by 50% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.95 crore, with a market capitalization of Rs 86,253 crore. Overall, the increase in open interest highlights a shift in market dynamics for SBI Cards, reflecting changing investor sentiment and trading activity.
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