Finance1 min read

City Union Bank among 5 F&O stocks with a sharp rise in futures open interest

By · Published by Everything Blog

In short

Data compiled by StockEdge shows multiple derivative contracts experienced sudden double-digit percentage surges in open interest during the session. City Union Bank set the pace with an addition of over 10.78 lakh contracts, followed closely by robust gains in Syrma SGS Technology and Karur Vysya Bank. Coromandel International and Sagility also experienced heightened participation, with Sagility adding 1,19,16,000 contracts to push its outstanding total above 11 crore contracts.

Key points

  • Multiple National Stock Exchange derivatives posted open interest gains exceeding 12% rel…: Multiple National Stock Exchange derivatives posted open interest gains exceeding 12% relative to the prior trading session.
  • Substantial surges in open interest signal that market participants are aggressively taki…: Substantial surges in open interest signal that market participants are aggressively taking on new positions or expanding existing exposure.
  • Sagility saw significant volume in terms of contract volume, adding over 1.19 crore contr…: Sagility saw significant volume in terms of contract volume, adding over 1.19 crore contracts to reach 11,06,64,000.

Sources checked by our analysis pipeline: 1

As of November 4, four stocks in the NSE F&O segment recorded a rise of more than 12% in futures open interest compared with the previous trading session, according to StockEdge F&O scan data. A notable increase in futures open interest indicates a substantial rise in the number of active, unexpired futures contracts in a security. This may reflect market participants initiating new positions or increasing the size of their existing positions.

Agencies

2/6

City Union Bank

OI: 54,87,000| Chg OI: 10,78,800 | Chg OI (%): 24.47

ETMarkets.com

3/6

Syrma SGS Technology

OI: 17,49,475| Chg OI: 3,01,275 | Chg OI (%): 20.8

ETMarkets.com

4/6

Karur Vysya Bank

OI: 18,91,000| Chg OI: 3,03,800 | Chg OI (%): 19.14

ETMarkets.com

5/6

Coromandel International

OI: 1,41,300| Chg OI: 17,100 | Chg OI (%): 13.77

ETMarkets.com

6/6

Sagility

OI: 11,06,64,000| Chg OI: 11,91,6000 | Chg OI (%): 12.07

Finance