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Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 18 May)
| Nifty50 Max Call OI | 18,300 |
| Nifty50 Max Put OI | 18,300 |
| Max Pain | 18,300 |
| PCR | 0.98 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,500 |
| PCR | 1.00 |
⭐Asian Paints Q4 profit jumps
₹3,143 ▲101 (+3.3%)
India's largest paint maker's net profit beat street estimates and rose 45% YoY to ₹1,234 crore. The decorative and non-automotive industrial businesses drove the profit growth. In addition, calibrated price hikes and softening raw material costs supported the company's margins. Against this backdrop, the OI of its May futures contract surged 16%—indicating a long build-up.
⭐Adani Enterprises surges 5%
₹1,988 ▲95 (+5.0%)
Shares of Adani Enterprises jumped 5% on Thursday after its board said that it would consider a fundraising proposal on 13 May. This comes after the Adani Group decided not to proceed with its ₹20,000-crore FPO following a report by Hindenburg Research. Meanwhile, the OI of its May futures contract surged over 9% —indicating a long build-up.
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