SBI Life Insurance Sees Surge in Open Interest, Indicating Market Activity Shift
SBI Life Insurance Company Ltd has seen a notable rise in open interest, reaching 53,533 contracts, alongside a trading volume of 24,971 contracts. The stock is near its 52-week high and has shown consistent gains, although delivery volume has decreased, indicating a shift in market dynamics.
SBI Life Insurance Company Ltd (SBILIFE) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 53,533 contracts, marking a rise of 6,009 contracts or 12.64% from the previous open interest of 47,524. The trading volume for the day reached 24,971 contracts, contributing to a futures value of approximately Rs 62,748.30 lakhs.In terms of price performance, SBI Life is currently trading close to its 52-week high, just 4.83% away from Rs 1,936. The stock has shown consistent gains over the past three days, with a total return of 3.21% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
However, it is noteworthy that the delivery volume has decreased by 17.5% compared to the 5-day average, suggesting a decline in investor participation. With a market capitalization of Rs 1,83,510 crore, SBI Life remains a prominent player in the insurance sector. Overall, the increase in open interest highlights a notable shift in market dynamics for SBI Life Insurance Company.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
