Yes Bank Sees Surge in Open Interest, Indicating Increased Trading Activity

Yes Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 36,599 contracts, a notable rise from the previous open interest of 28,322 contracts, marking a change of 8,277 contracts or 29.22%. The trading volume for the day reached 49,994 contracts, indicating robust market engagement.
In terms of performance, Yes Bank has outperformed its sector by 2.1%, with a 1.92% gain over the last two days. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, the delivery volume has decreased by 29.64% compared to the 5-day average, suggesting a decline in investor participation.

With a market capitalization of Rs 56,691.97 crore, Yes Bank continues to maintain a strong position within the private banking sector. The liquidity remains adequate for trading, with a trade size of Rs 0.67 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Yes Bank.