The volume of LARSEN & TOUBRO FUTURES is 4.34 M.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For LARSEN & TOUBRO FUTURES this number is 12.57 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LARSEN & TOUBRO FUTURES shows that traders are closing their positions, which means a weakening trend.