INDIA MARKET LENS
2 outlets◆ Mixed

Force Motors among 4 F&O stocks saw a high increase in futures open interest

NSE moved higher with September 28 in focus.

29 Sept 2026 · Economic Times Markets, ET Stocks

Four NSE F&O stocks recorded a rise of over 7% in futures open interest on September 28, led by Force Motors with an 11.9% increase. Godfrey Phillips India, ICICI Bank and Bharat Dynamics also saw significant increases.

Dates in focus
September 28

NSE reported movement of 7% and 11.9%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +0.6% on the day at ₹1,350.20, and has returned -4.7% over three months. It sits 8% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 0.7 points behind its peers.

For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.

  • With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • The company directly in focus is ICICIBANK.
  • Sector exposure: Banks.