Indian Bank Sees Surge in Open Interest Amid Increased Trading Activity
Indian Bank has seen a notable rise in open interest, reaching 7,311 contracts, alongside a trading volume of 5,306 contracts. Despite underperforming its sector, the stock is trading above key moving averages, with increased delivery volume and a market capitalization of Rs 74,581 crore, indicating active trading dynamics.
Indian Bank has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 7,311 contracts, up from the previous figure of 6,358, marking a change of 953 contracts or a 14.99% increase. The trading volume for the day reached 5,306 contracts, contributing to a futures value of approximately Rs 78.47 crore.In terms of performance, Indian Bank has underperformed its sector by 1.59%, with a one-day return of -1.44%. However, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short to medium term. Notably, delivery volume has seen a rise, with 941,000 shares delivered on March 27, reflecting a 26.77% increase compared to the 5-day average.
With a market capitalization of Rs 74,581 crore, Indian Bank remains a significant player in the public banking sector. The liquidity of the stock is also noteworthy, as it is liquid enough for a trade size of Rs 1.69 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 Indian Bank.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
