F&O Ban: ABFRL, Vodafone among 4 stocks under trade ban on Thursday
stocks are under the F&O trade ban on Thursday viz. ABFRL, GMR Airports Infrastructure, Hindustan Copper and Vodafone Idea.
Piramal Enterprises managed to get out of the ban while GMR Airports Infrastructure is a new entrant for the day.
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.
Traders who trade in indices do not encounter a situation of security ban.
The MWPL for ABFRL stood at 91.7% on Wednesday with OI reported by Trendlyne at 17.3 million. It was up by 4.80% from the previous session.
The MWPL for GMR Airports Infrastructure stood at 96% on Wednesday with OI reported by Trendlyne at 77.1 million. It was down by 0.47% from the previous session.
The MWPL for Hindustan Copper stood at 90.37% on Wednesday with OI reported by Trendlyne at 16.2 million. It was up by 0.9% from the previous session.
The MWPL for Vodafone Idea stood at 92.3% on Wednesday with OI reported by Trendlyne at 1951.2 million. It was up by 1.60% from the previous session.
Indian benchmark equity indices closed in the deep red for the fourth consecutive session on Wednesday, dragged down by losses in heavyweight financials and IT stocks. Uncertainty around domestic election results and the timing of U.S. rate cuts also contributed to the decline.
The 30-share BSE Sensex declined by 667 points, or 0.89%, to settle at 74,503. The broader NSE Nifty dropped by 183 points, or
