F&O Ban: Canara Bank among 5 stocks under ban on Tuesday
Balrampur Chini, Canara Bank, Granules India, Hindustan Copper and Indiabulls Housing Finance Company.
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 Balrampur Chini stood at 100.5% on Monday with OI reported by Trendlyne at 6.2 million. It was down 28.8% from the previous session.
For Granules India, MWPL stood at 84.3% on Monday with OI reported by Trendlyne at 9.6 million.
It was down 9.9% from the previous session.
The MWPL for Hindustan Copper stood at 85.3% on Monday with OI reported by Trendlyne at 27.6 million. It was down 2.8% from the previous session.
The MWPL for Canara Bank stood at 90% on Monday with OI reported by Trendlyne at 35.9 million. It was down 17.1% from the previous session.
MWPL for Indiabulls Housing stood at 83.5% on Monday with OI reported by Trendlyne at 50.4 million.
It was down 0.7% from the previous session.
Indian frontline indices ended flat on Monday as bulls fought back to help markets recover from the day’s lows. Both the benchmark indices managed to breakaway from the four-session losing streak. Banks and financial stocks led the recovery as IT and pharma stocks played spoilsports.
The S&P BSE closed at 66,023.69, up 14.54 points or 0.02%. The broader Nifty50 closed at 19,674.55, gaining just 0.30 points. Meanwhile, banking gauge Nifty Bank settled at 44,766.10, lower by 154.05 points or 0.35%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic
