Yes Bank Sees Surge in Open Interest Amid Increased Trading Activity

Yes Bank Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 58,570 contracts, up from the previous figure of 52,895, marking a change of 5,675 contracts or a 10.73% increase. This surge in open interest comes alongside a trading volume of 20,613 contracts, indicating a robust engagement from market participants.
In terms of price performance, Yes Bank has underperformed slightly against its sector, with a 1D return of -0.58%, compared to the sector's -1.03%. The stock has been on a downward trend, having lost 3.63% over the last two days. Currently, Yes Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

Despite these challenges, the stock has shown rising investor participation, with a delivery volume of 9.47 crore on August 26, reflecting a significant increase of 142.19% against the 5-day average delivery volume. With a market capitalization of Rs 59,320 crore, Yes Bank remains a mid-cap player in the private sector banking industry. Overall, the increase in open interest highlights a shift in trading dynamics for Yes Bank, warranting attention from market observers.