Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 13 April)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 17,700 |
| Max Pain | 17,750 |
| PCR | 1.2 |
| Bank Nifty Max Call OI | 41,500 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 41,500 |
| PCR | 1.3 |
⭐Adani Enterprises enters coal washeries business
Adani Enterprises: ₹1,848 ▲ 44 (+2.4%)
Adani Enterprises shares rose more than 2% after the company said its affiliate would develop, erect and operate coal washeries, including coal washing systems. Meanwhile, the OI of the Adani Enterprises futures contract rose 1.2%, indicating a long buildup.
⭐Divis Lab's exports rise
Divi's Labs: ₹3,209 ▲ 282 (+9.6%)
Divi's Labs shares surged nearly 10% on Wednesday after the company said its exports rose$92 million in March against an average of $55-60 million in the previous 11 months. Meanwhile, the OI of Divis Lab's futures contract rose 9.3%, indicating a long buildup.
⭐Cipla rises in trade
Cipla: ₹919 ▲ 12 (+1.3%)
Shares of Cipla advanced on Wednesday after reports suggested that the company has signed a perpetual licence agreement with Novartis Pharma AG to manufacture and market a treatment range for type 2 diabetes. Meanwhile, the OI of the Cipla futures contract rose 0.4%, indicating a long buildup.
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