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Indiabulls Housing Finance rises, Mphasis falls

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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Categories: F&O