Surge in Open Interest Signals Increased Market Activity for Steel Authority of India Ltd.

Aug 28 2025 03:00 PM IST
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Steel Authority of India Ltd. (SAIL) has seen a significant rise in open interest, reaching 46,691 contracts, alongside a trading volume of 19,822 contracts. The stock has outperformed its sector slightly, despite recent declines, and has experienced a notable increase in delivery volume, indicating heightened market activity.
Steel Authority of India Ltd. (SAIL), a prominent player in the ferrous metals industry, has experienced a notable increase in open interest today. The latest open interest stands at 46,691 contracts, reflecting a rise of 4,296 contracts or 10.13% from the previous open interest of 42,395. This surge in open interest comes alongside a trading volume of 19,822 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, SAIL has outperformed its sector by 0.36%, despite facing a decline of 2.57% over the last two days. The stock's current price is positioned above its 200-day moving average but below its shorter-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. Additionally, the stock has shown a significant increase in delivery volume, with 30.48 lakh shares delivered on August 26, marking an 89.81% rise compared to the 5-day average.

With a market capitalization of Rs 48,802 crore, SAIL remains a liquid option for traders, with sufficient trading capacity for a size of Rs 1.64 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Steel Authority of India Ltd.
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