Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 11 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,200 |
| PCR | 1.2 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,500 |
| PCR | 1.2 |
⭐Reliance rises on demerger approval
₹2,448▲27 (+1.1%)
Shareholders of Reliance Industries approved the demerger of the company’s financial services firm - Reliance Strategic Ventures, which will be renamed Jio Financial Services Limited. For every share of Reliance Industries, the shareholders will receive one share of Jio Financial. Meanwhile, the OI of its May futures contract rose 1.3%—indicating a long build-up.
⭐Adani Ports finalises Myanmar port sale
₹679▲10 (+1.5%)
India’s largest integrated transport utility, Adani Ports and Special Economic Zone, said on Thursday that, following a renegotiated share purchase agreement, it had completed the sale of its Myanmar Port for $30 million. Meanwhile, the OI of its May futures contract jumped 0.8%—indicating a long build-up.
⭐Cholamandalam Investments surges
₹950▲63 (+7.1%)
The Murugappa Group firm surged on Thursday after it reported higher-than-expected earnings. The company reported a jump in standalone net profit of 24% to ₹853 crore during the March quarter compared to ₹690 crore a year ago. Meanwhile, the OI of its May futures contract jumped 0.8%—indicating a long build-up. Meanwhile, the OI of its May futures contract surged 28%—indicating a long build-up.
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