Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 17 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,400 |
| Max Pain | 19,500 |
| PCR | 0.69 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,400 |
| PCR | 0.64 |
⭐ Motherson rises on robust Q1
Shares of the auto component maker rose 2.5% on Friday. In the June quarter, its net profit surged 326% YoY to ₹601 crore. The strong growth in profitability was driven by operating efficiency as well as softening material and energy costs. In the light of this, the open interest of its August futures contract increased 5.3%, signalling a long build up.
⭐ JK Cement shares under pressure
Shares of the cement manufacturer declined 2.4% on Friday. This comes after its net profit dropped 29% year-on-year to ₹113 crore. The rising raw material, power & fuel and freight costs dented the profits. Against this backdrop, the open interest of its August futures contract rose 8%, indicating a short build up.
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