Waaree Energies Sees Sharp Open Interest Surge Amid Prolonged Price Decline
Open Interest and Volume Dynamics
The latest data reveals that Waaree Energies’ open interest (OI) in futures and options contracts rose sharply from 11,577 to 14,503 contracts, an increase of 2,926 contracts or 25.27% on the most recent trading day. This notable expansion in OI is accompanied by a volume of 11,950 contracts, indicating robust participation in the derivatives market. The futures value traded stood at approximately ₹11,085 lakhs, while the options segment contributed a staggering ₹4,894.48 crores in notional value, culminating in a total derivatives turnover of ₹12,136.44 lakhs.
Such a pronounced increase in open interest alongside high volumes typically suggests that new positions are being established rather than…
