F&O Ban: Balrampur Chini, Hindustan Copper among 5 stocks under ban on Tuesday
BHEL), Balrampur Chini, Hindustan Copper, The India Cements and Indiabulls Housing Finance.
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 on it 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 BHEL stood at 105.8% on Monday with OI reported by Trendlyne at 100.6 million. It was up 8.8% from the previous session.
The MWPL for Hindustan Copper stood at 102.1% with OI reported at 38.1 million.
It was up 13.7% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 104% with OI reported at 25.2 million. It was up 9.5% from the previous session.
The MWPL for Balrampur Chini stood at 125.3% with OI reported at 15.8 million. It was up 22.6% from the previous session.
MWPL for Indiabulls Housing stood at 112.6% with OI reported at 63.7 million.
It was down 1.6% from the previous session.
Indian frontline indices ended with gains on Monday, continuing their winning streak for the second session in a row. The rally was led by IT and metal stocks while FMCG and consumer durables turned laggards. Sensex ended at 65,628, up 241 points or 0.37% while the broader Nifty50 settled at 19,529, higher by 94 points or 0.48%.
