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Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 27 April)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,700 |
| Max Pain | 17,650 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 42,500 |
| Bank Nifty Max Put OI | 42,000 |
| Max Pain | 42,500 |
| PCR | 1.2 |
⭐HDFC Life surges 6%
₹546 ▲32 (+6.4%)
Shares of HDFC Life Insurance were the top gainer on the Nifty50 index. This comes after the RBI allowed HDFC and HDFC Bank to hold more than 50% stake in HDFC Life and HDFC ERGO before the effective date of the merger. Meanwhile, the OI of the April Futures contract fell 32%, indicating a short covering.
⭐Tata Steel begins hydrogen blast furnace trials
₹106 ▲0.5 (+0.5%)
The steel maker started a trial injection of hydrogen gas using 40% of the injection systems in the ‘E’ blast furnace at its Jamshedpur. Meanwhile, the OI of its April Futures contract fell 0.6%, indicating a short covering.
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