IndusInd Bank Sees Surge in Open Interest Amidst Stock Price Decline

Apr 22 2025 12:00 PM IST
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IndusInd Bank Ltd. has reported a significant rise in open interest, reaching 210,165 contracts, alongside a trading volume of 294,947 contracts, indicating increased market activity. However, the stock has underperformed, declining by 5.39%, despite a notable increase in delivery volume and favorable liquidity conditions.
IndusInd Bank Ltd. has experienced a significant increase in open interest (OI) today, reflecting heightened trading activity. The latest OI stands at 210,165 contracts, marking a rise of 23,719 contracts or 12.72% from the previous OI of 186,446. The trading volume for the day reached 294,947 contracts, indicating robust participation in the market.

Despite this surge in OI, IndusInd Bank's stock has underperformed its sector, declining by 5.39% today. The stock opened with a loss of 4.61% and hit an intraday low of Rs 775.4, representing a decrease of 6.38%. In terms of moving averages, the stock is currently above its 5-day and 20-day averages but below its 50-day, 100-day, and 200-day averages.

Additionally, the delivery volume on April 21 was recorded at 57.7 lakh shares, which is a 25.44% increase compared to the 5-day average delivery volume, suggesting a rise in investor participation. The liquidity of the stock remains favorable, with a trade size of Rs 15.53 crore based on 2% of the 5-day average traded value.

In summary, while IndusInd Bank has seen a notable increase in open interest, it is currently facing downward pressure in its stock price amidst broader market conditions.
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