Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 25 May)
| Nifty50 Max Call OI | 18,500 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,250 |
| PCR | 1.1 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 43,800 |
| PCR | 0.8 |
⭐TCS bags ₹15,000 deal
₹3,298▲ 75 (+2.3%)
TCS surged over 2% on Monday after the company announced that it received an Advance Purchase Order (APO) for over ₹15,000 crore from BSNL. Meanwhile, the open interest of its May futures contract dropped 28.6%- indicating short covering.
⭐JSW Steel expands portfolio
₹702▲8 (+1.2%)
JSW Steel said that it will acquire National Steel and Agro Industries for ₹621 crore in a month’s time-frame. Against this backdrop, the open interest of its May futures contract dropped 2.4%- indicating short-covering.
⭐Siemens tumbles 8%
₹3,399 ▼ 323 (-8.6%)
Shares of Siemens plunged over 8% after the company said its board approved the sale of low voltage motors and geared motors businesses for ₹2,200 crore to a Siemens AG subsidiary. Meanwhile, the open interest of its May futures contract dropped 15.6%- indicating short build-up.
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