Coal India plunges, Bajaj Auto hits 52-week high

Blog | F&O

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Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines  ⤵️

Options setup (Expiry: 8 June)

Nifty50 Max Call OI 18,600
Nifty50 Max Put OI 18,500
Max Pain 18,500
PCR 0.69
Bank Nifty Max Call OI 44,000
Bank Nifty Max Put OI 44,000
Max Pain 44,000
PCR 0.63

Coal India plunges
₹203 ▼11 (-4.6%)

Shares of Coal India plunged on Thursday after the government said it plans to sell up to 3% stake in the state-owned coal miner. The government is looking to raise around ₹4,000 crore from the stake sale.  In light of this, its June futures contract’s open interest (+69%) rose and price fell – indicating long unwinding.

Bajaj Auto hits 52-week high
₹4,641 ▲74 (+1.6%)

Bajaj Auto shares surged on Thursday after the company reported a 29% YoY jump in May sales to 3,55,148 units. In the two-wheeler segment, the company’s sales grew by 23% to 3,07,696 units. Against this backdrop, the open interest (7%) and price of its June futures contract rose, suggesting long build-up.

Laurus Labs shines
₹340▲9 (+2.8%)

Shares of Laurus Labs rose after the company said it bought an additional 7% stake in the cell and gene therapy company, Immuneadoptive for ₹80 crore. In light of this, its June futures contract’s open interest (+5%) and price increased – indicating a long build-up.  


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