Surge in Open Interest for FSN E-Commerce Signals Increased Trading Activity and Sector Strength

Apr 23 2025 02:00 PM IST
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FSN E-Commerce Ventures Ltd, trading as NYKAA, has seen a notable rise in open interest, indicating increased trading activity. The stock has outperformed its sector and is trading above key moving averages, although delivery volume has significantly decreased compared to recent averages.
FSN E-Commerce Ventures Ltd, trading under the symbol NYKAA, has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 22,113 contracts, up from the previous 19,095, marking a change of 3,018 contracts or a 15.81% increase. The trading volume for the day reached 14,986 contracts, contributing to a futures value of approximately Rs 50,928.93 lakhs and an options value of Rs 3,411.80 crores, bringing the total value to Rs 51,440.42 lakhs.

In terms of price performance, FSN E-Commerce Ventures has outperformed its sector by 1.95%, with the stock reaching an intraday high of Rs 194.1, reflecting a gain of 3.28%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend. However, it is noteworthy that delivery volume has decreased significantly, falling by 49.98% compared to the 5-day average.

In summary, the notable spurt in open interest for FSN E-Commerce Ventures highlights increased trading activity, while the stock's performance metrics indicate a robust position within the FMCG sector.
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