Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 20 April)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 17,800 |
| Max Pain | 17,800 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 41,900 |
| PCR | 1.4 |
⭐Infosys slips in trade
Infosys: ₹1,383 ▼ 44 (-3.1%)
Infosys reported a 16% sequential drop in its consolidated profit-after-tax (PAT) and a 2.2% drop in its revenue for Q$FY24. The company reported its earnings after the market closed on Thursday. Ahead of the results announcement, the shares of Infosys ended lower on Thursday. Meanwhile, the OI of the Infy futures contract rose 8.3%, indicating a short buildup. The 27th April, put option OI of 1,380 and 1,360 strikes rose 116% and 145%, respectively.
⭐Jindal Steel to double capacity
JSPL: ₹560 ▲0.8 (+0.1%)
Jindal Steel & Power shares ended higher on Thursday after the country's sole private rail manufacturer announced plans to double its rail manufacturing capacity to 2.2 million tonnes. Meanwhile, the OI of the JSPL futures contract fell 0.5%, indicating a short covering.
⭐AU Bank CEO gets RBI extension
AU Small Finance Bank: ₹676 ▲ 96 (+16%)
Shares of AU Small Finance Bank settled with gains of 16% on Thursday after the company's existing managing director (MD), and CEO got regulatory approval for an extension of another three years from the Reserve Bank of India (RBI). The OI of the AU Small Finance Bank futures contract rose 13.1%, indicating a long buildup.
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