Airtel chief eyes stake in Paytm

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Options setup (Expiry: 2 March)

⭐Airtel chief eyes stake in Paytm
757 ▼5 (-0.7%)

Shares of Bharti Airtel closed lower on Friday, while the OI of its March futures contract fell 0.1%, indicating a short build-up. Meanwhile, the put option OI on the 750 and 740 contracts rose 12% and 132%, respectively. This comes after reports suggested that Bharti Airtel chief Sunil Mittal is reportedly looking to acquire a stake in Paytm by merging his financial services unit with the fintech giant's payments bank.

⭐ABB to invest ₹1,000 crore in 5 years
3,142 ▲4 (+0.1%)

Shares of electrification and automation company closed higher on Friday, while the OI of its March futures contract rose 3%, indicating a long build-up. This comes after the company inaugurated its new factory in Nashik, doubling its production capacity for gas insulated switchgear (GIS). The company also plans to invest ₹1,000 crore in capacity expansion over the next 5 years.

⭐IEX sets deadline for high-price trading
143 ▲1 (+1.2%)

The Indian Energy Exchange gained over 1% on Friday. The OI of its March futures contract fell 1.6%, indicating a short-covering. This comes after the power exchange said that it would launch the High Price Day Ahead Market segment by mid-March, which will facilitate electricity-generating companies to sell power at a price as high as ₹50 per unit.

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