Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 3 August)
| NIFTY50 Max Call OI | 19,800 |
| NIFTY50 Max Put OI | 19,600 |
| Max Pain | 19,650 |
| PCR | 0.62 |
| BANK NIFTY Max Call OI | 45,500 |
| BANK NIFTY Max Put OI | 45,500 |
| Max Pain | 45,500 |
| PCR | 0.68 |
⭐ IEX shares rise on strong Q1 results
Shares of the power trading exchange rose around 3% on Friday. This comes after it reported a 9.7% YoY rise in its net profit in the June quarter, supported by a 12.3% increase in revenue. In the light of this, Indian Energy Exchange (IEX) August futures contract’s open interest declined 3.6%, signalling a short covering.
⭐ IDFC First Bank’s Q1 profit surges
On Saturday, the private bank announced that its net profit soared 61% YoY in Q1FY24, driven by a strong growth in operating income. Meanwhile, on Friday, shares of IDFC First Bank rose 1.7% and the open interest of its August futures contract dropped 5.7%, indicating a short covering.
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