On June 18, 2024, at 11:21:06 AM IST, five stocks witnessed a build of fresh short positions in the Futures and Options segment. A short buildup occurs when there is a rise in open interest and volumes, along with a decrease in the price of the underlying stock. This indicates that more people are expecting the prices to go down and are creating short positions.
The stocks that saw a short buildup on that day were Biocon, Zydus Lifesciences, Metropolis Healthcare, Alkem Laboratories, and ABB India. The open interest change for these stocks ranged from 1.13% to 3.08%, while the stock price change ranged from -1.77% to -2.85%.
It is important for investors to keep an eye on such developments in the market as they can provide valuable insights into the future direction of stock prices. This information can help investors make informed decisions about their investment strategies.