Five NSE stocks saw over 20% rise in open interest

On March 20, five stocks in the National Stock Exchange (NSE) saw a significant increase in their futures open interest. Overall, these stocks contributed to a total open interest increase of more than 20% compared to the previous trading day. Futures open interest refers to the number of active futures contracts. A rise in open interest indicates more investors are entering the market or increasing their existing positions. This is a sign of growing interest in these stocks. One stock reported an open interest of 2,755,500 with a change of 1,507,950, marking an increase of 120.87%. Another stock had an open interest of 3,259,625, rising by 779,000 or 31.4%. Additionally, a third stock's open interest reached 7,711,800, with a change of 1,573,500, translating to a 25.63% increase. The fourth stock showed an open interest of 2,055,625, up by 361,250 or 21.32%. Lastly, the fifth stock recorded an open interest of 13,192,825, increasing by 2,314,925, which is a rise of 21.28%.