Good morning!☕🗞️
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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