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Options setup (Expiry: 9 March)
| Nifty50 Max Call OI | 17,800 |
| Nifty50 Max Put OI | 17,600 |
| Max Pain | 17,700 |
| PCR | 1.26 |
| Bank Nifty Max Call OI | 42,000 |
| Bank Nifty Max Put OI | 41,000 |
| Max Pain | 41,500 |
| PCR | 1.27 |
⭐RIL launches 5G in 27 cities
2,417 ▲8 (+0.3%)
Shares of oil-to-telecom conglomerate closed higher on Wednesday, while the OI of its March futures contract fell 2.2%, indicating a short covering. This comes after reports that the Reliance Jio, launched its 5G services in 27 more cities across 13 states and union territories.
⭐Adani Ports rises 3%
712 ▲22 (+3.2%)
Shares of the commercial ports operator closed 3% higher on Wednesday, while the OI of its March futures contract fell 1.5%, indicating a short covering. According to reports, Rajiv Jain, founder of GQG Investors, has indicated that the firm may increase its investment in the Adani Group. The group recently invested $1.8 billion (₹15,446 crore) in four Adani Group companies.
⭐RBI likely to extend IndusInd CEO's term
1,174 ▲53 (+4.8%)
Shares of IndusInd Bank rose over 4% on Wednesday, while the OI of its March futures contract advanced 1.9%, indicating a long build-up. This development comes after reports suggested that the Reserve Bank of India is likely to extend the term of IndusInd Bank CEO Sumant Kathpalia for another three years.
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