IndusInd Bank Sees Surge in Open Interest Amidst Increased Trading Activity

Apr 22 2025 02:00 PM IST
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IndusInd Bank Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures reaching 210,165 contracts. Despite a decline in price performance, the stock remains above its short-term moving averages, and delivery volume has significantly increased, reflecting robust market participation.
IndusInd Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 210,165 contracts, up from the previous figure of 186,446, marking a change of 23,719 contracts or a 12.72% increase. The trading volume for the day reached 294,947 contracts, indicating robust participation in the market.

In terms of price performance, IndusInd Bank has underperformed its sector by 5.19%, opening the day with a loss of 4.61%. The stock hit an intraday low of Rs 775.4, representing a decline of 6.38%. Despite this downturn, the stock remains above its 5-day and 20-day moving averages, although it is trading below its 50-day, 100-day, and 200-day moving averages.

Additionally, the delivery volume has shown a notable rise, with 57.7 lakh shares delivered on April 21, reflecting a 25.44% increase compared to the 5-day average. The liquidity of the stock remains favorable, accommodating trade sizes of Rs 15.53 crore based on 2% of the 5-day average traded value.

In summary, the notable spurt in open interest for IndusInd Bank highlights increased trading activity amid a challenging price performance, underscoring the dynamic nature of the current market environment.
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