Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 06 April)
| Nifty50 Max Call OI | 17,700 |
| Nifty50 Max Put OI | 17,000 |
| Max Pain | 17,350 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 41,000 |
| Bank Nifty Max Put OI | 40,000 |
| Max Pain | 40,700 |
| PCR | 1.2 |
⭐Maruti Suzuki hikes prices
Maruti Suzuki: ₹8,503 ▲ 210 (+2.5%)
Shares of Maruti Suzuki gained 2.5% on Monday following an announcement of price hike across models. Also, its March volumes showed a significant improvement in sales in the higher-margin verticals. Meanwhile, the OI of the Maruti Suzuki futures contract rose 10%, indicating a long buildup.
⭐ONGC rises as crude prices surge
ONGC: ₹153 ▲ 2 (+1.7%)
Shares of oil producing companies like ONGC advanced after oil surged at the week's open after OPEC+ unexpectedly announced crude output cuts. Meanwhile, the OI of the ONGC futures contract rose 12.6%, indicating a long buildup.
⭐Bharti Airtel up on subscriber additions
Bharti Airtel: ₹760 ▲ 11 (+1.5%)
Bharti Airtel shares settled in the green on Monday after the company announced that it added around 1.3 million wireless subscribers in January 2023. Bharti Airtel Mobile Broadband subscribers also rose by 2.8 million, and its market share expanded to 29.9% on an active basis. Meanwhile, the OI of the Bharti Airtel futures contract fell 1.6%, indicating a short covering.
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