Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 27 April)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 17,700 |
| Max Pain | 17,700 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 43,000 |
| Bank Nifty Max Put OI | 42,500 |
| Max Pain | 42,500 |
| PCR | 1.0 |
⭐M&S extends partnership with TCS
₹3,176 ▲1 (+0.04%)
The IT major announced that the British retail giant Marks & Spencer (M&S) has extended its contract with the company to transform its core technology stack, improve the pace of innovation, and drive sustainable growth. Meanwhile, the OI of the April Futures contract fell 40%, indicating a short covering.
⭐L&T bags multiple orders
₹2,245 ▲16 (+0.7%)
The power & distribution arm of the Larsen & Toubro (L&T) construction bagged engineering, procurement and construction (EPC) orders in the range of ₹1,000 crore to ₹2,500 crore in India and abroad. Meanwhile, the OI of its April Futures contract fell 33%, indicating a short covering.
⭐Adani Ports begins bond buyback
₹671 ▲0.1 (+0.02%)
The ports and logistics arm of Adani Group announced that it has started a buyback programme of up to $130 million of certain debt securities to prepay its short-term loans partially. Meanwhile, the OI of its April Futures contract fell 39%, indicating a short covering.
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