Good morning!
Here are the top stories from the F&O corner to start your day.
⭐Bajaj-Auto rides on Chetak
Bajaj-Auto: ₹3,686 ▲ (+1.7%)
Shares of Bajaj-Auto ended higher on Tuesday after reports suggested that the company is looking to roll out its electric Chetak in Europe by early 2024. Ahead of its earnings announcements, the OI of February futures contract jumped 66% and rollover stood at 81%.
⭐HDFC AMC skids
HDFC AMC: ₹1,963 ▼37 (-1.8%)
HDFC AMC closed lower on Tuesday after it reported muted Q3 results. The company's net profit grew 3% YoY to ₹369 crore, mainly due to an increase in the other income. Meanwhile, HDFC AMC's February futures contract added 58% OI and rollover stood at 69.8%.
⭐SBI Life weakens
SBI Life: ₹1,273 ▼22 (-1.7%)
Shares of SBI Life extended losses after the company's net profit fell 16% y-o-y to ₹304 crore. Meanwhile, SBI Life's February futures contracts added 29% OI and the price fell more than 1%.
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