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Derivatives activity intensifies as traders build positions in metal major
Hindalco has seen a sharp rise in derivatives open interest and volumes, signalling fresh positioning by traders even as the stock price shows only modest movement.
Market participants are showing increased interest in as derivatives data points to a sharp rise in outstanding positions. Open interest in the stock’s derivatives segment climbed nearly 16%, rising from 1,53,676 contracts to 1,78,116 contracts, indicating fresh exposure being added rather than unwound. Trading volumes remained elevated at over 1,76,000 contracts, reinforcing the view that new positions are being created. Futures turnover crossed ₹3,700 crore, while options activity was substantially higher in notional terms.