F&O Ban: Indiabulls Housing, ZEEL among 4 stocks under trade ban on Tuesday
Delta Corp, Indiabulls Housing Finance, The India Cements, and Zee Entertainment Enterprises (ZEEL).
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 Market Wide Position Limit (MWPL) for Delta Corp stood at 101.4% on Monday with OI reported by Trendlyne at 17.7 million.
It was down 8.7% from the previous session.
MWPL for Indiabulls Housing Finance stood at 105.7% on Monday with OI reported by Trendlyne at 65 million. It was up 2.4% from the previous session.
MWPL for India Cements stood at 104.4% on Monday with OI reported by Trendlyne at 27.4 million. It was up 8.6% from the previous session.
For ZEEL, MWPL stood at 99.8% on Monday with OI reported by Trendlyne at 122.8 million.
It was up 9.9% from the previous session.
A historic session for markets on Monday with headline indices S&P BSE Sensex, Nifty50, and Bank Nifty hitting new record highs after the state elections went in the favour of Bharatiya Janata Party (BJP). The rally was led by banks, energy, and metal stocks and it was the fifth successive positive closing. While the S&P BSE Sensex was up by 1,383.93 points or 2.05% to close at 68,865.12, the broader Nifty50 added 418.90 points or 2.07% to settle at 20,686.80.
