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Options setup (Expiry: 16 March)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,600 |
| Max Pain | 17,650 |
| PCR | 0.86 |
| Bank Nifty Max Call OI | 41,500 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 41,300 |
| PCR | 0.88 |
⭐Kotak Bank highlights exposure to Adani Group
₹1,716 ▼23 (-1.3%)
Kotak Mahindra Bank slipped over 1% on Thursday, while the OI of its March futures contract rose 3.4%, indicating a short build-up. Private sector lender said that it has a "small exposure" to the Adani Group, which has been made in line with its credit philosophy and balance sheet size. The bank said that the issues surrounding Adani Group are more of a capital market and valuations than a credit issue.
⭐JSW Steel bucks the trend
₹678 ▲2 (+0.4%)
Shares of JSW Steel ended higher amid a weak market, while the OI of its March futures contract rose 0.1%, indicating a minor long build-up. This comes after the steelmaker reported a 10% rise in crude steel production to 17.3 lakh tonnes in February 2023. This growth was supported by a 9% increase in the production of flat-rolled products.
Disclaimer:
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