Good morning!☕🗞️
Check out the open interest of the NIFTY50, BANK NIFTY and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 17 August)
| NIFTY50 Max Call OI | 19,600 |
| NIFTY50 Max Put OI | 19,500 |
| Max Pain | 19,550 |
| PCR | 0.84 |
| BANK NIFTY Max Call OI | 45,000 |
| BANK NIFTY Max Put OI | 44,500 |
| Max Pain | 44,600 |
| PCR | 0.80 |
⭐ MFSL shares soar
Shares of Max Financial Services, which is a holding company for Max Life Insurance, rose 7.8% on Thursday. This comes after the announcement that Axis Bank will infuse ₹1,612 crore in MFSL, taking its stake to 19% from 12.9% currently. Against this backdrop, the open interest of MFSL August futures contract rose 15.8%, signalling a long build up.
⭐Manappuram Q1 profit surges
The non-banking finance company’s net profit rose 76.7% YoY in June quarter, supported by 38.1% rise in the net interest income. In the light of this, shares of the company were up 2.6% yesterday. Its August futures’ open interest also increased 8.6%, signalling a long build up.
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