Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 04 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,000 |
| Max Pain | 18,100 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,300 |
| PCR | 1.0 |
⭐ONGC gains as govt cuts windfall tax
₹164▲5 (+3.3%)
Shares of Oil and Natural Gas Corporation (ONGC) were in focus after the government slashed the windfall tax on Crude Oil production by 36% to ₹4,100 per tonne. Meanwhile, the OI of its May futures contract rose 10% —indicating a long build-up.
⭐IndiaMART InterMESH hits 52-week high
₹5,642▲276 (+5.1%)
Shares of IndiaMART Intermesh surged over 5% on Tuesday, while the OI of the May futures contract rose 2.6% —indicating a long build-up. This comes after the company's revenue for the March quarter jumped 33% YoY to ₹269 crore, driven by an increase in the number of paying subscribers and revenue from accounting software services. However, the company's net profit dipped over 1% YoY to ₹56 crore.
⭐Laurus Labs gains on USFDA approval
₹312▲4 (+1.4%)
Laurus Labs rose more than 1% on Tuesday after the pharmaceutical and biotech company received tentative approval from the US FDA for an HIV drug. Meanwhile, the OI of its May futures contract rose 1.6% —indicating a long build-up.
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