Adani Ports Sees Surge in Open Interest Amid Increased Trading Activity

Adani Ports & Special Economic Zone Ltd (symbol: ADANIPORTS) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 112,632 contracts, up from the previous figure of 100,544, marking a change of 12,088 contracts or a 12.02% increase. The trading volume for the day reached 84,441 contracts, contributing to a total futures value of approximately Rs 171.67 lakhs.
In terms of price performance, Adani Ports has shown a slight gain of 0.43% today, aligning closely with the sector's return of 0.59% and the Sensex's return of 0.39%. The stock has managed to reverse a two-day decline, indicating a potential shift in momentum. Notably, the stock's price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decline in delivery volume, which fell by 9.27% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 8.63 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the recent price movements suggest a dynamic trading environment for Adani Ports.