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RBI likely to extend the term of IndusInd Bank's CEO

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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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Categories: F&O