Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 1 June)
|Nifty50 Max Call OI||18,800|
|Nifty50 Max Put OI||18,300|
|Bank Nifty Max Call OI||44,500|
|Bank Nifty Max Put OI||44,000|
⭐Aurobindo Pharma shines
₹649 ▲38 (+6.2%)
Shares of Aurobindo Pharma surged over 6% on Tuesday even as the company's net profit fell 12% YoY to ₹506 crore. However, experts believe that the management's upbeat commentary and strong investments in injectables, biosimilars, vaccines and APIs can have a meaningful impact from FY25. Meanwhile, the open interest of the company's June futures contract dropped over 3%, suggesting a short-covering.
⭐HAL to join MSCI global index
₹3,108 ▲95 (+3.1%)
Shares of the Hindustan Aeronautics jumped over 3% on Tuesday, while the open interest of its June contract slumped 10%, indicating short covering. This comes after Morgan Stanley Capital International (MSCI) added the company to its India Standard Index in its May 2023 rejig.
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