Indian Bank Sees Surge in Open Interest Amid Increased Trading Activity

Mar 28 2025 01:00 PM IST
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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.
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