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Here are the top stories from the F&O corner to start your day.
⭐Blockbuster move
PVR: ₹1,731 ▲67 (+4.0%)
Despite the overall market weakness, shares of PVR closed 4.5% higher on Friday. The OI of its February futures contract fell 2.7%, indicating a short-covering in the contract. The OTM call option OI on the 1,740-1,800 contracts jumped between 10% to 421%. According to reports, the star-studded movie 'Pathaan' collected ₹265 crore in four days in India and ₹164 crore overseas.
⭐Red on the wall
Berger Paints: ₹541 ▼7 (-1.3%)
Amid rising crude oil prices, shares of Berger Paints fell more than 1% on Friday, while the OI of its February futures contract rose by 3.1%. The fall in the price and rise in the OI indicates a short build-up in the contract. According to reports, crude oil prices rose on the possibility of strong US economic data and reviving demand from China.
⭐Bajaj Finance’s Q3 profit rises
Bajaj Finance: ₹5,770▼25 (-0.4%)
Shares of the NBFC (-0.4%) were in focus on Friday after the company's net profit surged 40% YoY to ₹2,973 crore. Meanwhile, the OI of the February futures contract fell by 2.6%, while the price of the contract declined by 0.4% - indicating long unwinding. On the other hand, the OI on call options with strikes between 5,800 and 6,000 jumped in the range of 27% to 112%.
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