Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 13 April)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,700 |
| Max Pain | 17,700 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 41,500 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 41,300 |
| PCR | 0.7 |
⭐Kotak Mahindra Bank surges nearly 5%
Kotak Mahindra Bank: ₹1,840 ▲ 81 (+4.6%)
Kotak Mahindra Bank shares rose nearly 5% on Tuesday after reports suggested that a fall in foreign investors’ holding in the quarter ending March 2023 could open up headroom and gain weightage in the MSCI index. Meanwhile, the OI of the Kotak Mahindra Bank futures contract rose 0.8%, indicating a long buildup.
⭐L&T Tech slips in trade
LTTS: ₹3,546 ▼46 (-1.3%)
The share price of L&T Tech dropped more than a per cent after the company agreed to pay $9.93 million to the US Department of Justice and settle allegations of underpaying visa fees between 2014 and 2019. Meanwhile, the OI of the LTTS futures contract rose 8.1%, indicating a short buildup.
⭐IndusInd secures $125 funding
IndusInd Bank: ₹1,075 ▲5 (+0.5%)
IndusInd Bank shares advanced after the domestic private sector lender said that Japanese lender JICA has teamed up with Citibank to provide a $125 million funding line. Meanwhile, the OI of the IndusInd Bank futures contract rose 0.5%, indicating a long buildup.
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