Tata Steel Sees Significant Surge in Open Interest Amid Active Market Participation

Apr 01 2025 02:00 PM IST
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Tata Steel Ltd has seen a significant rise in open interest, reaching 64,623 contracts, alongside a trading volume of 42,976 contracts, indicating active market engagement. Despite recent price declines and reduced investor participation, the stock remains above key moving averages, suggesting ongoing market interest.
Tata Steel Ltd, a prominent player in the Steel/Sponge Iron/Pig Iron industry, has experienced a notable increase in open interest today. The latest open interest stands at 64,623 contracts, reflecting a rise of 6,115 contracts or 10.45% from the previous open interest of 58,508. This surge in open interest comes alongside a trading volume of 42,976 contracts, indicating active market participation.

In terms of price performance, Tata Steel has underperformed its sector by 0.34%, with a 1D return of -0.58%. The stock has been on a downward trend, experiencing a consecutive decline over the past five days, resulting in a total drop of 3.17%. Despite this, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Investor participation has seen a decline, with delivery volume dropping by 25.73% compared to the 5-day average. The stock's liquidity remains adequate, allowing for trade sizes of approximately Rs 8.51 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest for Tata Steel highlights a significant shift in market dynamics, warranting attention from market observers.
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