SBI Life Insurance Sees Surge in Open Interest Amid Increased Futures Activity
SBI Life Insurance Company Ltd has seen a notable rise in open interest in its futures market, reaching 55,341 contracts. The trading volume for the day was 31,854 contracts, with the stock showing resilience and trading above multiple moving averages, despite a decline in delivery volume compared to the previous average.
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 55,341 contracts, up from the previous 47,524 contracts, marking a change of 7,817 contracts or a 16.45% increase. The trading volume for the day reached 31,854 contracts, contributing to a futures value of approximately Rs 80,527.25 lakhs.In terms of price performance, SBI Life has shown resilience, gaining 3.01% over the past three days, with a 1.32% increase noted today. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that 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 1,84,693.25 crore, SBI Life remains a significant player in the insurance sector. The increase in open interest, alongside the stock's recent performance, highlights the ongoing dynamics within the market.
{{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
