Positive setup was seen in Infosys, OFSS, Coforge, ONGC, Birla Soft, HCL Tech, Persistent Systems, TCS, PNB, Tata Consumer, LTTS, Canara Bank, L&T, IOC, Bharti Airtel, Trent and IndusInd Bank. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is placed at 21700 strikes and then towards 21800 strikes.
Former head of Mahindra & Mahindra s private equity unit, Parag Shah, has recently launched his own fund called Amara Partners. Notably, this new venture has attracted industrialist Anand Mahindra as an anchor limited partner. Shah revealed that the fund aims to raise ₹400 crore in its initial close and will primarily focus on investing in privately held mid-sized companies.
The Nifty future closed negative with losses of 0.37% at 21861 levels on Friday. India VIX was down by 4.21% from 15.14 to 14.50 levels. Volatility cooled off after steaming to higher zones and respected the bulls at higher zones.