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 | 18,000 |
| Nifty50 Max Put OI | 17,600 |
| Max Pain | 17,600 |
| PCR | 1.0 |
| Bank Nifty Max Call OI | 41,000 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 40,900 |
| PCR | 0.7 |
⭐L&T arm wins new order
L&T: ₹2,309 ▲ 35 (+1.5%)
Larsen & Toubro shares settled higher on Monday after its hydrocarbon business, L&T Energy Hydrocarbon (LTEH), won an order from Chambal Fertilisers and Chemicals under its “advanced value engineering and technology” vertical. Meanwhile, the OI of the Larsen & Toubro futures contract rose 3.5%, indicating a long buildup.
⭐Godrej Properties zooms on record performance
Godrej Properties: ₹1,228 ▲ 103 (+9.1%)
Shares of Godrej properties jumped over 9% after the company recorded its higher-ever quarterly and annual sales performance for Q4 FY23 and FY23. The OI of the Godrej Properties futures contract rose 13%, indicating a long buildup.
⭐IGL up after gas prices cut
IGL: ₹468 ▲ 6 (+1.3%)
Shares of Indraprastha Gas (IGL) rose along with other city gas distribution companies after the Union Cabinet approved revised domestic gas pricing guidelines. The companies announced a cut in CNG and PNG prices after that. The OI of the IGL futures contract rose 7.6%, indicating a long buildup.
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