F&O Ban List: Vodafone Idea enters trade ban on Friday. SAIL, 2 more stocks move out
Vodafone Idea is under the F&O trade ban on Friday while Aditya Birla Fashion & Retail (ABFRL), state-run Steel Authority of India (SAIL) and Hindustan Copper have moved out of the ban.
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 indices do not encounter a situation of security ban.
The MWPL for Idea stood at 140.5% on Thursday with OI reported by Trendlyne at 3.9 billion. It was down 212.4% from the previous session.
Vi shares ended at Rs 13.80 on the NSE, gaining by Rs 0.70 or 5.34%.
Meanwhile, ABFRL, SAIL and Hindustan Copper have exited the ban as their MWPL has fallen below the 80% threshold.
ABFRL shares ended at Rs 265 on the BSE on Thursday, up by 5.05 or 1.94% from the Tuesday closing price.
SAIL shares ended with gains of Rs 0.65 per share or 0.39% to end the previous session at Rs 165.30 on the NSE. It also hit a fresh 52-week high of Rs 167.25 amid very high volumes witnessing nearly 6 crore shares changing hands. The total traded value stood at Rs 598.09 crore.
Shares of Hindustan Copper closed with gains of Rs 2.25 per share or 0.59% at Rs 381.90 on the NSE.
Indian headline indices took off from the day's lows amid a resurgence in banking stocks led by protagonist Axis Bank following its strong March quarter earnings on Wednesday. The S&P BSE Sensex shot up by 650 points to hit the day's high of 74,498.39 while
