Tata Steel Sees Significant Open Interest Surge Amidst Trading Challenges

Aug 01 2025 03:00 PM IST
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Tata Steel Ltd has seen a notable increase in open interest, reaching 62,682 contracts, alongside a trading volume of 57,346 contracts. Despite this activity, the stock has underperformed its sector and experienced consecutive declines over the past three days, indicating a challenging trading environment.
Tata Steel Ltd, a prominent player in the Ferrous Metals industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 62,682 contracts, reflecting a rise of 5,964 contracts or 10.52% from the previous OI of 56,718. This uptick in OI comes alongside a trading volume of 57,346 contracts, indicating heightened activity in the stock.

Despite this surge in open interest, Tata Steel's performance has been underwhelming, underperforming its sector by 1.02%. The stock has faced consecutive declines over the past three days, resulting in a total drop of 5.11%. Today, it reached an intraday low of Rs 153, marking a decrease of 3.13% from the previous close. The weighted average price suggests that more volume was traded closer to this low price.

In terms of moving averages, Tata Steel is currently above its 100-day and 200-day averages but below its 5-day, 20-day, and 50-day averages. The stock's liquidity remains robust, with a delivery volume of 88.3 lakh shares on July 31, reflecting a 10.34% increase compared to the 5-day average delivery volume. Overall, the notable rise in open interest highlights a shift in market dynamics for Tata Steel, amidst a challenging trading environment.
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