Good morning!☕🗞️
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 | 0.74 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.73 |
⭐Hero MotoCorp zooms
Shares of India’s largest two-wheeler maker surged 3% on Friday. This comes after the company sold 5.19 lakh units in May, a growth of 7% YoY. However, its June futures contract’s open interest dropped 5.9% – indicating short covering.
⭐NMDC shares shine
Shares of the state-owned miner rose around 2% on Friday as it reported a growth in its production (15% YoY) and sales (37% YoY) in May this year. Against this backdrop, its June futures contract’s open interest rose around 3% – indicating a long build-up.
⭐Biocon shares tumble
Global pharma companies are planning to launch anti-inflammatory Humira biosimilar at a low price, according to reports. In light of this, shares of Biocon, which plans to launch this drug on July 1, declined (-2.0%) on Friday. Meanwhile, its June futures contract’s open interest rose 4.9%, signalling a short build-up.
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