Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 25 May)
| Nifty50 Max Call OI | 18,400 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,300 |
| PCR | 0.87 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 44,700 |
| PCR | 0.72 |
⭐Deepak Nitrite jumps on capex plan
₹2,132▲ 181 (+9%)
Deepak Nitrite surged more than 9% on Wednesday after its subsidiary announced that it will invest around ₹5,000 crore in Gujarat over the next four years. Against this backdrop, the open interest of its June futures contract rose 23.1% - indicating long build-up.
⭐Dixon’s Q4 profit rises
₹3,503▲227 (+6%)
Dixon Technologies' net profit surged 28% to ₹81 crore in Q4FY23, helped by improved margins on the back of healthy performance in the home appliances and mobile phones + EMS businesses. Meanwhile, open interest of its June futures contract rose 30.2% - indicating long build-up.
⭐India Cements loss widens
₹190▼ 5 (-2%)
India Cements' loss widened to ₹218 crore in the March quarter of FY23 compared to ₹24 crore in the same quarter last year. The sharp decline in profit was due to a one-time exceptional loss and higher raw material, power and fuel costs. Meanwhile, the open interest of its June futures contract rose 41.2% - indicating short build-up.
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