Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 31 August)
| NIFTY50 Max Call OI | 19,500 |
| NIFTY50 Max Put OI | 19,300 |
| Max Pain | 19,300 |
| PCR | 0.86 |
| BANK NIFTY Max Call OI | 44,500 |
| BANK NIFTY Max Put OI | 44,000 |
| Max Pain | 44,500 |
| PCR | 1.06 |
⭐ Indiabulls Housing Finance soars
Shares of the housing finance company surged 11% yesterday. The company said that it had repaid ₹1,112 crore of bonds. It has been cutting down its borrowing and its net debt-to-equity ratio will stand at 1.8x at the end of this quarter. In the light of this, the open interest of its August futures contract dropped 63.8%, indicating a short covering.
⭐Mphasis shares tumble
Shares of the tech company declined 2.8% on Monday. And, the open interest of its futures contract also dropped 33.1% yesterday, signalling a long unwinding. Meanwhile, experts said the near-term weakness among its large banking and insurance clients could impact the company’s growth.
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