Yes Bank Sees 17.3% Surge in Open Interest, Reaching 63,874 Contracts

Yes Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 63,874 contracts, up from the previous 54,455 contracts, marking a notable change of 9,419 contracts or 17.3%. This surge in open interest coincides with a trading volume of 29,991 contracts, indicating robust market engagement.
In terms of performance, Yes Bank's stock is currently trading at an underlying value of Rs 22. The bank's performance today aligns closely with its sector, showing a 1D return of 0.22%, while the sector itself reported a slight decline of 0.13%. Notably, Yes Bank has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

Despite a recent decline in delivery volume, which fell by 10.5% compared to the 5-day average, the stock remains liquid enough for trades of approximately Rs 2.24 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Yes Bank, reflecting ongoing market activity without indicating future price movements.