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Based on the OI percentage, 70 stocks were on the short-covering list. These included Reliance Industries, Can Fin Homes, Eicher Motors, Infosys, and Godrej Properties. A decrease in OI along with a price increase is an indication of short-covering.
The earnings season gets underway this week and market participants will track Q1 numbers along with management commentaries as domestic demand remains a concern. Valuations are rich, a disappointment in earnings can derail the market rally
Based on the OI percentage, 55 stocks were on the short-covering list. These included MCX India, IDFC First Bank, Indraprastha Gas, HDFC AMC, and Indiabulls Housing Finance.
A short build-up was seen in 74 stocks including Eicher Motors, Bata India, Atul, Aarti Industries and Info Edge India, based on the OI percentage.
Based on the OI percentage, 72 stocks were on the short-covering list. These included JK Cement, Mahanagar Gas, HDFC AMC, RBL Bank and M&M Financial Services