F&O Ban List: SAIL, Hindustan Copper and 1 more stock under trade ban on Thursday
Aditya Birla Fashion & Retail (ABFRL), Hindustan Copper and state-run 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 is reversed only if the open interest falls below 80%.
Traders who trade in indexes do not encounter a situation of security ban.
The MWPL for ABFRL stood at 101% on Wednesday with OI reported by Trendlyne at 10 million. It was down 25.3% from the previous session.
The stock ended at Rs 260.50 on the NSE on Wednesday, down by 3 or 1.14% from the Tuesday closing price.
Hindustan Copper reported MWPL at 84.5% on Wednesday with OI reported by Trendlyne at 11.6 million. It was down by 8.7% from the previous session.
Shares of Hindustan Copper closed with gains of Rs 7.45 per share or 2% at Rs 379.50 on the NSE.
The MWPL for SAIL stood at 130.4% on Wednesday with OI reported by Trendlyne at 101 million. It was up by 4.2% from the previous session.
SAIL shares shot up by over 7% or Rs 11.20 per share to end the previous session at Rs 163.45 on the NSE. It also hit a fresh 52-week high of Rs 165.95 amid very high volumes witnessing over 17.64 shares changing hands.
Indian benchmark indices ended in the green on Wednesday after surrendering their day’s high levels amid selling pressure in IT and auto stocks. The S&P BSE Sensex ended the session at 73,852.94, up by 3114.49 points or 0.15%. The broader Nifty settled at 22,402.40, gaining by 34.40 points or 0.16%.
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