Mumbai | September 29, 2025 — eBharat Markets Desk
Filed on Sep 29, 2025, 12:56 IST via NSE derivatives data.
Adani Green Energy Ltd (NSE: ADANIGREEN) featured prominently in the NSE’s open interest (OI) spurt list on Monday, underscoring heightened activity in the derivatives segment. Data showed a ~29% jump in OI for futures contracts, suggesting that traders are aggressively building positions in the counter during the September series.
The surge in OI comes at a time when renewable energy stocks have been drawing renewed attention from institutional investors as well as retail traders. With India’s energy transition story gaining momentum, Adani Green remains a barometer for sentiment in the green power space.
| Metric | Detail |
|---|---|
| Open Interest Change | +29% |
| Trend | Fresh build-up, long bias |
| Segment | Futures & Options |
Why It Matters
A nearly 30% spike in OI is not a trivial move. In the derivatives market, such spurts are often interpreted as a sign of increasing speculative bets or risk management activity. When OI increases alongside firm or rising stock prices, it usually indicates a long build-up — meaning traders are betting on further upside.
For Adani Green, the timing is critical. The company continues to execute on a multi-gigawatt renewable pipeline across solar and wind, and its announcements around power purchase agreements and project commissioning have consistently influenced investor sentiment. Rising OI therefore highlights that market participants are positioning for potential triggers ahead of the monthly expiry.
Market Context
Adani Green Energy is one of India’s largest renewable power developers, with a pipeline exceeding 20 GW across multiple states. The counter has historically been volatile, given its high beta and sensitivity to both global renewable energy flows and domestic policy announcements.
In recent weeks, renewable and infra-linked names have seen greater participation in the F&O segment, partly driven by expectations of fresh policy initiatives to support green energy financing. Adani Green’s appearance in the OI spurt list adds to this narrative.
Sectorally, energy transition remains a strong theme in Indian markets. With institutional allocations flowing into ESG-linked funds, renewable stocks such as Adani Green often witness amplified moves in derivatives whenever volumes spike.
Outlook
The ~29% increase in OI sets the stage for heightened near-term volatility in Adani Green’s futures and options. Whether this build-up sustains will depend on how spot prices behave in the next few sessions. A continuation of price strength could validate the long build-up thesis, while a reversal in spot may suggest hedging or short-side accumulation.
For traders, the next few sessions will be crucial to confirm directional cues. For long-term investors, the development underlines the fact that Adani Green remains a highly liquid and closely tracked counter in India’s renewable energy story.
