Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 1 June)
| Nifty50 Max Call OI | 18,600 |
| Nifty50 Max Put OI | 18,500 |
| Max Pain | 18,500 |
| PCR | 0.84 |
| Bank Nifty Max Call OI | 44,500 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,100 |
| PCR | 0.79 |
⭐Maruti expects production cuts in Q1
₹9,325 ▼58 (-0.6%)
Shares of Maruti Suzuki slipped on Wednesday after the company said that it expects the production cuts to continue in Q1 of FY24. Against this backdrop, the open interest of its June futures contract jumped 24.9%, indicating short build-up.
⭐Torrent Pharma’s stellar Q4 performance
₹1,819 ▲105 (+6.1%)
Shares of the specialty-focused pharma company soared after it reported robust Q4 numbers. Its revenue rose 17%, driven by strong growth across geographies. In view of this, the open interest and price of its June futures contract (+58.9%) rose, signalling a long build-up.
⭐Dixon ties up with Xiaomi India
₹3,880 ▲197 (+5.3%)
Shares of the electronic manufacturing services company jumped on Wednesday. This comes after it proposed a partnership with Xiaomi India to manufacture and export mobile phones. In light of this, its June futures contract’s open interest (+6.8%) and price increased – indicating a long build up.
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