March 2, 2023

Reliance enters commercial real estate biz

Blog | F&O

Good morning!☕🗞️

Keep your finger on the pulse with today's options setup and F&O headline makers.

Options setup (Expiry: 2 March)

Nifty50 Max Call OI	17,500
Nifty50 Max Put OI	17,400
Max Pain	17,450
PCR	0.93

Bank Nifty Max Call OI	41,000
Bank Nifty Max Put OI	40,500
Max Pain	40,600
PCR	1.14

⭐RIL enters commercial real estate biz
2,345 ▲22 (+0.9%)

Reliance Industries gained nearly 1% on Wednesday, while the OI of its March futures contract rose 2.3%, indicating a long build-up. Meanwhile, the call option OI on the 2,360 and 2,380 contracts rose 1% and 3%, respectively. The company informed the bourses that it has forayed into commercial real estate by setting up a subsidiary Reliance SOU.

⭐Bajaj Finserv gets MF licence
1,346 ▲11 (+0.8%)

Shares of Bajaj Finserv ended higher on Wednesday, while the OI of its March futures contract rose 0.7%, indicating a long build-up. Meanwhile, the call option OI on both the 1,360 and 1,380 contracts rose 3%. This comes after the company received final approval from SEBI to commence its mutual fund business as Bajaj Finserv Mutual Fund.

⭐Coal India production rises
218 ▲3 (+1.5%)

Shares of Coal India closed higher on Wednesday, while the OI of its March futures contract fell 2.3%, indicating a short-covering. This comes after the state-owned company reported a 14% growth in its production in FY'23 to 619.7 million tonnes. The company also said that it is on track to exceed its production target of 700 MT for FY23.

⭐Eicher Motors' sales jump
3,140 ▲34 (+1.1%)

Eicher Motors rose over 1% on Wednesday, while the OI of its March futures contract jumped 4.3%, indicating a long build-up. The Royal Enfield maker’s sales rose 21% YoY to 71,544 units in February.

⭐TVS Motor sales decline
1,060 ▼20 (-1.8%)

TVS Motor declined more than 1.5% on Wednesday. The OI of its March futures contract rose 3.8%, indicating a short build-up. This comes after the two and three-wheeler maker's total sales fell 2% to 2.76 lakh units in February 2023 due to a sharp decline in exports.

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