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NCLT clears merger of HDFC twins

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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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Categories: F&O