Surge in Open Interest for Info Edge Amidst Ongoing Market Challenges

Apr 01 2025 03:00 PM IST
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Info Edge (India) Ltd has reported a notable increase in open interest, reaching 29,861 contracts, alongside a trading volume of 26,512 contracts. Despite this activity, the stock has underperformed, experiencing a decline over the past two days and trading below key moving averages, indicating a bearish trend.
Info Edge (India) Ltd, a prominent player in the IT software sector, has experienced a significant increase in open interest today. The latest open interest stands at 29,861 contracts, reflecting a rise of 3,712 contracts or 14.2% from the previous open interest of 26,149. The trading volume for the day reached 26,512 contracts, indicating robust activity in the derivatives market.

Despite this uptick in open interest, Info Edge has underperformed its sector, with a decline of 2.89% today. The stock has faced consecutive losses over the past two days, resulting in a total drop of 5.34%. During the trading session, the stock touched an intraday low of Rs 6,817, down 5.07% from the previous close.

In terms of moving averages, Info Edge is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. The IT software sector overall has also seen a decline of 2.09%. Notably, the delivery volume has increased by 38.96% compared to the 5-day average, indicating rising participation in the stock.

In summary, while Info Edge (India) Ltd has seen a notable rise in open interest, the stock continues to face downward pressure in a challenging market environment.
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