F&O Ban List: Bandhan Bank, 3 more stocks under trade ban on Monday
Bandhan Bank, Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee).
While Hindustan Copper, SAIL and Zee entered the ban list last week, Bandhan Bank is the latest entrant.
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 Bandhan Bank stood at 98.7% on Friday with OI reported by Trendlyne at 17.8 million. It was down by 1% from the previous session. Bandhan Bank shares ended at Rs 197.40 on the NSE on Friday, down by Rs 0.55 or 0.28%.
The MWPL of Hindustan Copper stood at 80.7% on Friday with OI reported by Trendlyne at 26.6 million. It was down by 11.5% from the previous session. Hindustan Copper shares ended at Rs 322.50 on the NSE on Friday, up by Rs 8.55 or 2.72% over the previous closing price.
The MWPL for SAIL stood at 94.5% on Friday with OI reported by Trendlyne at 154.2 million. It was down 1.7% from the previous session. SAIL shares closed at Rs 145.80 on the NSE, down by Rs 0.15 or 0.10%.
The MWPL for Zee stood at 96.3% on Friday with OI reported by Trendlyne at 143.3 million. It was down 0.6% from the previous session. Zee shares ended at Rs 152.25 on the NSE on Friday, falling by Rs 0.80 or 0.52%.
Indian benchmark indices ended flat on Friday dragged by auto and IT stocks. While The S&P BSE Sensex settled at
