Open Interest and Volume Analysis
Open interest (OI) in Bank Of India’s futures and options contracts has increased markedly, rising from 21,319 contracts to 24,073, a 12.92% jump. This 2,754-contract increase in OI is accompanied by a robust volume of 31,274 contracts traded, indicating strong investor interest and fresh positions being established rather than mere unwinding of existing ones.
The futures value stands at ₹43,872.35 lakhs, while the options value is an astronomical ₹22,078.47 crores, culminating in a total derivatives value of ₹48,248.03 lakhs. Such elevated figures underscore the stock’s liquidity and attractiveness in the derivatives market, enabling sizeable trades without significant price disruption.
Price Momentum and Technical Strength
Bank Of India’s underlying price has surged to a new 52-week high of ₹163.2, marking a 3.72% intraday gain and outperforming its public sector banking peers by 3.16%. The stock has recorded four consecutive days of gains, delivering a cumulative return of 10.98% over this period. This sustained upward momentum is further validated by the stock trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a strong bullish trend.
Investor participation has also intensified, with delivery volumes on 16 January reaching 66.76 lakh shares, an 82.49% increase compared to the five-day average. This rise in delivery volume suggests genuine accumulation by long-term investors rather than speculative trading alone.
Market Positioning and Directional Bets
The surge in open interest alongside rising prices and volumes typically indicates fresh long positions being built, reflecting bullish market sentiment. Traders appear confident in Bank Of India’s near-term prospects, possibly anticipating further upside driven by improving fundamentals or sectoral tailwinds.
Given the stock’s mid-cap status with a market capitalisation of ₹72,865 crore and a Mojo Score of 78.0, rated as a Buy (recently downgraded from Strong Buy on 23 October 2025), the market seems to be recalibrating expectations while maintaining a positive outlook. The slight downgrade in rating may reflect a more measured stance, but the overall momentum remains constructive.
Turnaround taking shape! This Small Cap from NBFC sector just hit profitability with strong business fundamentals showing up. Catch it before the major breakout happens!
- - Recently turned profitable
- - Strong business fundamentals
- - Pre-breakout opportunity
Comparative Sector and Market Performance
Bank Of India’s 1-day return of 2.92% starkly contrasts with the public sector banking sector’s decline of 0.42% and the broader Sensex’s fall of 0.63% on the same day. This relative outperformance highlights the stock’s resilience and appeal amid a challenging market environment.
Liquidity remains ample, with the stock’s average traded value supporting trade sizes up to ₹3.46 crore based on 2% of the five-day average traded value. This ensures that institutional investors can enter or exit positions without undue price impact, further encouraging participation.
Implications for Investors and Traders
The confluence of rising open interest, strong volume, and price appreciation suggests that market participants are positioning for continued gains in Bank Of India. The derivatives market activity points to directional bets favouring a bullish trajectory, possibly driven by expectations of improved earnings, favourable policy developments, or sectoral reforms.
Investors should monitor the sustainability of this momentum, paying close attention to upcoming quarterly results, macroeconomic indicators, and sector-specific news that could influence sentiment. The recent downgrade from Strong Buy to Buy by MarketsMOJO on 23 October 2025 indicates a cautious optimism, recommending investors to balance enthusiasm with prudent risk management.
Thinking about Bank Of India? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this mid-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Outlook and Conclusion
Bank Of India’s recent surge in open interest and volume in the derivatives market, coupled with its strong price performance and technical positioning, signals a robust bullish sentiment. The stock’s ability to outperform its sector and the broader market amid volatility underscores its growing appeal among investors.
While the downgrade from Strong Buy to Buy suggests a tempered outlook, the overall fundamentals and market positioning remain favourable. Investors and traders should continue to monitor open interest trends and volume patterns as leading indicators of market conviction and potential price direction.
Given the stock’s liquidity, mid-cap stature, and improving investor participation, Bank Of India remains a compelling candidate for those seeking exposure to the public sector banking space with a positive risk-reward profile.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
