On 20 Nov 2025, Persistent Systems, a key player in the Computers - Software & Consulting sector, exhibited a 10.0% rise in open interest (OI) in its futures and options contracts. The latest OI stood at 49,467 contracts, up from 44,970 previously, indicating a substantial increase of 4,497 contracts. This surge in OI is accompanied by a volume of 78,444 contracts traded, underscoring robust participation in the derivatives market for this stock.
The futures value associated with Persistent Systems reached ₹54,455.83 lakhs, while the options segment reflected an underlying value of approximately ₹45,000 crores. The combined total derivatives value was around ₹58,695.90 lakhs, highlighting the considerable liquidity and interest in the stock’s derivatives instruments. The underlying equity price was ₹6,387, which has been supported by consistent gains over the past two trading sessions.
Persistent Systems has outperformed its sector by 1.11% on the day, with a 1-day return of 1.21%, compared to the sector’s 0.12% and the Sensex’s 0.44%. The stock has recorded a 5.11% return over the last two days, reflecting sustained buying interest. Notably, the stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong technical position.
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Investor participation has shown a marked increase, with delivery volume on 19 Nov reaching 3.14 lakh shares, a rise of 71.42% compared to the 5-day average delivery volume. This heightened delivery volume suggests that investors are not only trading actively but also holding positions, which may indicate confidence in the stock’s near-term prospects.
Liquidity metrics further support the stock’s tradability, with the current trading value sufficient to accommodate trade sizes of up to ₹4.81 crores based on 2% of the 5-day average traded value. This level of liquidity is favourable for institutional and retail investors alike, enabling efficient entry and exit without significant price impact.
The surge in open interest, coupled with rising volumes and delivery participation, points to a shift in market positioning. Traders appear to be building fresh positions or rolling over existing ones, possibly anticipating continued momentum in Persistent Systems. The increase in OI alongside rising prices often suggests that new money is entering the market, reinforcing the prevailing trend.
From a sectoral perspective, Persistent Systems operates within the Computers - Software & Consulting industry, which has been witnessing steady demand driven by digital transformation trends and increased IT spending. The company’s market capitalisation stands at ₹1,00,459 crores, placing it comfortably in the mid-cap category with substantial institutional interest.
Technical indicators reinforce the positive sentiment, with the stock maintaining a position above all major moving averages. This alignment typically reflects a bullish trend and can attract momentum traders seeking to capitalise on upward price movements. The recent consecutive gains over two sessions further validate this technical strength.
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Analysing the derivatives data, the increase in open interest by 10.0% is significant in the context of Persistent Systems’ recent price action. When OI rises in tandem with price appreciation, it often indicates that fresh long positions are being established rather than short covering. This dynamic can lead to sustained price momentum if buying interest persists.
Volume patterns also support this interpretation. The total traded volume of 78,444 contracts is well above average, suggesting active participation from both hedgers and speculators. The futures value of ₹54,455.83 lakhs and options value in the tens of thousands of crores reflect a deep and liquid derivatives market, which can facilitate diverse trading strategies including directional bets, spreads, and hedges.
Market participants may be positioning for upcoming corporate events, earnings announcements, or sectoral developments that could influence Persistent Systems’ valuation. The stock’s recent outperformance relative to the sector and benchmark indices could be attracting momentum-driven traders and institutional investors looking to capitalise on favourable trends.
It is also worth noting that the stock’s delivery volume increase of over 70% compared to the recent average indicates that a larger proportion of traded shares are being taken into physical settlement rather than intraday turnover. This behaviour often reflects stronger conviction among investors, which can provide a firmer foundation for price stability and potential appreciation.
In summary, Persistent Systems is currently experiencing a notable surge in derivatives open interest, supported by rising volumes, delivery participation, and positive price momentum. These factors collectively suggest evolving market positioning with a bias towards bullish directional bets. Investors and traders should continue to monitor these metrics alongside broader market and sector developments to gauge the sustainability of this trend.
Given the stock’s liquidity, technical strength, and active derivatives market, Persistent Systems remains a focal point for market participants seeking exposure to the Computers - Software & Consulting sector. The interplay of open interest, volume, and price action provides valuable insights into investor sentiment and potential future price trajectories.
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