F&O Ban: Hindustan Copper, PNB among 9 stocks under ban on Monday
Balrampur Chini, Delta Corp, Chambal Fertilizers & Chemicals, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB) and Steel Authority of India (SAIL).
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 Delta Corp stood at 92.4% on Friday with OI reported by Trendlyne at 15.5 million. It was down 2.8% from the previous session.
The MWPL for Chambal Fertlizers stood at 96.5% with OI at 15.6 million.
It was up 3.4% from the previous session.
The MWPL for Hindustan Copper stood at 88.8% with OI at 33.6 million. It was down 2.9% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 94% with OI at 23.2 million. It was down 1.9% from the previous session.
The MWPL for Balrampur Chini stood at 85.3% with OI at 11.7 million.
It was down 8.7% from the previous session.
MWPL for Indiabulls Housing stood at 104% with OI reported at 60.5 million. It was down 1.2% from the previous session.
For SAIL, the MWPL stood at 92.8% on Friday with OI at 140.4 million. It was down 3.9% from the previous session.
MWPL for PNB stood at 93.1% on Friday with OI at 311.6 million.
It was down 5.3% from the previous session.
As for Manappuram Finance, MWPL stood at 95.3% with OI at 75.3 million. It was down 2.2% from the previous session.
Indian frontline indices ended in the green on Friday continuing their gaining streak for the sixth time in a row. The gains were led by banks, auto, and realty stocks while IT, FMCG, and
