F&O Ban: BHEL, Indiabulls Housing Finance under trade ban on Thursday
BHEL) and Indiabulls Housing Finance. Stocks which have exited the ban include Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, Manappuram Finance, RBL Bank and Sun TV Network.
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 96.3% on Wednesday with OI reported by Trendlyne at 15.5 million. It was down 74.5% from the previous session.
Shares of BHEL ended at Rs 118 on NSE on Wednesday, up Rs 3.35 or 2.92% from the previous closing price.
MWPL for Indiabulls Housing stood at 125.5% on Wednesday with OI reported by Trendlyne at 13.1 million.
It was down 12.5% from the previous session.
Shares of Indiabulls Housing ended at Rs 193.25, up Rs 4.55 or 2.41% from the previous closing price.
Indian headline indices S&P BSE Sensex and Nifty50 managed a flat ending on Wednesday dragged by financial stocks despite gains in auto and IT stocks. The S&P BSE Sensex ended at 65,087.25, up 11.43 points or 0.02% while the broader Nifty50 settled at 19,347.45, higher by 4.80 points or 0.02%.
The banking gauge Nifty Bank finished at 44,495.25, down by 262.65 points or 0.59%.
Indian equities were positive for a major part of the day on Wednesday riding on rally in the global markets but fell on account of profit booking in the last hour leading to Nifty giving up all its gains and closing flat at 19,347, Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Sectorially it was a mixed bag with buying seen in realty, metals, IT, auto and FMCG and
