Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 04 May)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 18,000 |
| Max Pain | 18,000 |
| PCR | 1.3 |
| Bank Nifty Max Call OI | 43,000 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,000 |
| PCR | 1.2 |
⭐Kotak Bank beats street estimates
₹1,933▲24 (+1.2%)
The private sector lender's net profit jumped 26% YoY to ₹3,496 crore for the March quarter. The strong growth in the profit was led by expansion in its net interest income(NII), which jumped 36% YoY to ₹6,103 crore. Meanwhile, the OI of its May futures contract rose 2% —indicating a long build-up.
⭐LTI-Mindtree surges 2%
₹4,411▲90 (+2.1%)
Shares of the IT company surged over 2% on Friday, while the OI of its May futures contract fell by over 5% —indicating short-covering. This comes after the IT company's net profit increased 0.5% YoY to ₹1,141 crore in Q4FY23. However, the company's revenue rose 22% to ₹8,691 crore.
⭐IDFC First Bank's net profit doubles
₹62▲2 (+4.2%)
IDFC Bank's net profit jumped 134% YoY to ₹803 crore in the March quarter, driven by strong growth in the bank's net interest income. The bank's NII surged 35% YoY to ₹3,597 crore. Meanwhile, the OI of its May futures contract surged 11% —indicating a long build-up.
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