Adani ports cargo volume jumps

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Keep your finger on the pulse with today's options setup and F&O headline makers.

Options setup (Expiry: 9 March)

⭐Adani ports cargo volume jumps
620 ▲18 (+3.0%)

Adani Ports recorded a 10% year-on-year growth in cargo handled during February 2023. The company said it handled a total cargo volume of 26.5 MMT. Meanwhile, the price of its March futures contract rose by 3%, and its open interest increased by 0.8%, indicating a long build-up.

⭐HAL gets new order from IAF
2,704 ▲19 (+0.7%)

Shares of the state-owned aviation major rose nearly 1%, while the OI of its March futures contract advanced 1.8%, indicating a long build-up. This comes after the company received ₹6,828 crore order from the Ministry of Defence to acquire 70 HTT-40 basic trainer aircraft. The said aircraft will be supplied to the Indian Air Force over a period of six years.

⭐MCX slips on market share concerns
1,423 ▼8 (-0.5%)

MCX shares closed lower on Thursday, while the OI of the March futures contract rose 6.6%, indicating a short build-up. This comes after SEBI allowed NSE to introduce futures contracts for WTI crude oil and natural gas in its commodity derivatives section. Experts believe that these contracts are already active on MCX, and NSE will compete with MCX for market share regarding trading volumes.

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