Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 1 June)
| Nifty50 Max Call OI | 19,200 |
| Nifty50 Max Put OI | 18,300 |
| Max Pain | 18,300 |
| PCR | 0.86 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,600 |
| PCR | 0.81 |
⭐ZEE posts net loss in Q4
₹178▼ 2 (-1.1%)
ZEE Entertainment reported a net loss of ₹198 crore in Q4FY23. The company had posted a net profit of ₹182 crore in the March quarter last year. The sharp decline in profit was attributed to a slowdown in advertising spends, investments in ZEE5, film launches and sports. Meanwhile, the open interest of its June futures contract surged 37%- indicating a short build-up.
⭐Tata Chemicals tumbles
₹958▼ 28 (-2.9%)
Shares of Tata Chemicals fell over 3% on Thursday after the company once again slashed soda ash prices. The company revised the price of light soda ash to ₹33,900 per MT from ₹35,100 per MT earlier, the lowest level in 15 months. Against this backdrop, the open interest of its June futures contract surged 23%- indicating a short build-up.
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