Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 20 April)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 17,700 |
| Max Pain | 17,700 |
| PCR | 0.9 |
| Bank Nifty Max Call OI | 42,500 |
| Bank Nifty Max Put OI | 42,000 |
| Max Pain | 42,100 |
| PCR | 1.1 |
⭐ICICI Bank plans fundraise
₹899 ▲ 0.6 (+0.06%)
Shares of ICICI Bank closed with modest gains on Monday. The bank said it would decide on raising funds through debt. Meanwhile, the OI of the ICICI Bank April futures contract rose 6.3%, indicating a long buildup. The 27th April, call option OI of 910 and 920 strikes rose 1% and 14%, respectively.
⭐VEDL plans an electronics manufacturing hub
₹278 ▲ 3 (+1.2%)
Shares of Vedanta rose more than 1% on Monday. This follows reports that the Vedanta Group is in talks with 20 South Korean companies to set up an electronics manufacturing hub in India. Meanwhile, the OI of the Vedanta April futures contract fell 1.3%, indicating a short covering.
⭐Ashok Leyland bags truck order
₹138 ▲0.4 (+0.3%)
Shares of Ashok Leyland ended higher after the company received an order of 1,560 trucks from VRL Logistics. The order has been placed for the AVTR 3120 and AVTR 4420 TT models of Ashok Leyland. Meanwhile, the OI of the Ashok Leyland April futures contract rose 2.1%, indicating a long buildup.
Disclaimer:
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