Tech Mahindra, HCL Tech among 7 F&O stocks saw a high increase in futures open interest

Open Interest Spike

There was a notable surge in futures open interest for seven stocks in the NSE F&O pack, contributing to a total increase in open interest of about 10% or more as compared to the previous trade as of July 15. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.