Govt to sell stake in HAL

Blog | F&O

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Check out the open interest of the companies from the F&O corner that are making headlines  ⤵️

Options setup (Expiry: 23 March)

Nifty50 Max Call OI 17,500
Nifty50 Max Put OI 17,000
Max Pain 17,100
PCR 0.94
Bank Nifty Max Call OI 41,500
Bank Nifty Max Put OI 30,000
Max Pain 39,900
PCR 0.91

Govt to sell stake in HAL
₹2,625 30 (-1.1%)

The defence behemoth slipped over 1% after the government said that it plans to sell up to 3.5% of its stake in the company via an offer for sale. Meanwhile, the OI of its March Futures contract declined 1.5%, indicating long unwinding. The call option OI on the 2,640 and 2,680 contracts rose 65% and 27%, respectively.

⭐GAIL shines on tariff hike
₹105 0.3 (+0.2%)

Shares of Maharatna PSU closed marginally higher on Wednesday after Petroleum and Natural Gas Regulatory Board hiked the tariff of the newly integrated natural gas pipeline by 45% to ₹58.61 per MMBtu. The OI of its March Futures contract increased by 5.1%, indicating a long build-up. 

⭐Bandhan Bank rises 4%
₹211 8 (+4.0%)

Shares of Bandhan Bank surged over 4%, gaining the most in eight weeks. This comes after it received binding bids of ₹739 crore for its stressed assets worth ₹4,930 crore from an asset reconstruction company.  Against this backdrop, the OI of its March Futures contract advanced 1.2%, indicating a long build-up.  


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