Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 23 March)
| Nifty50 Max Call OI | 17,800 |
| Nifty50 Max Put OI | 17,000 |
| Max Pain | 17,100 |
| PCR | 0.86 |
| Bank Nifty Max Call OI | 41,500 |
| Bank Nifty Max Put OI | 39,000 |
| Max Pain | 39,500 |
| PCR | 0.83 |
⭐NCLT clears merger of HDFC twins
HDFC Bank: ₹1,578 ▲26 (+1.7%)
HDFC Bank shares jumped more than 1% after the National Company Law Tribunal (NCLT) approved its merger with housing finance company HDFC Ltd. Following the announcement, the open interest (OI) of its March Futures contract fell 0.4%, indicating minor short-covering. Meanwhile, the call option OI on the 1,580 and 1,600 contracts rose 15% and 7%, respectively.
⭐Bharti Airtel intensifies 5G fight
Bharti Airtel: ₹756 ▲10 (+1.4%)
Bharti Airtel shares rose over 1% on Friday, while the OI of its March Futures contract fell 1.3%, indicating short-covering. Meanwhile, the call option OI on the 760 and 780 contracts fell 3% and 8%, respectively. This comes after the telecom company launched a new unlimited 5G data service for its prepaid and postpaid users.
⭐GAIL signs MoU for Ethane sourcing
GAIL: ₹110 ▲0.6 (+0.5%)
Shares of GAIL (India) closed higher on Friday, while the OI of its March Futures contract jumped 1.6%, indicating long build-up. This comes after the Maharatna PSU signed an MoU with Shell Energy to explore ethane sourcing and other energy value chain opportunities.
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