F&O Ban: MCX, Chambal Fertilizers among 4 stocks under trade ban on Friday
Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC), Chambal Fertilizers & Chemicals and the Multi Commodity Exchange of India (MCX)
The Future & Options 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 index do not encounter a situation of security ban.
The MWPL for Delta Corp stood at 93.4% on Thursday with OI reported by Trendlyne at 15 million. It was down 3.5% from the previous session.
MWPL for GNFC stood at 83.2 % on Thursday with OI reported by Trendlyne at 9.3 million.
It was down 5.2% from the previous session.
The MWPL for Chambal Fertilizers stood at 105.9% on Thursday with OI reported by Trendlyne at 16.6 million. It was up 3.5% from the previous session.
The MWPL for MCX stood at 99.9% on Thursday with OI reported by Trendlyne at 2.9 million.
It was down 10.1% from the previous session.
Indian frontline indices ended with declines on Thursday led by selling pressure in FMCG, IT and metal stocks. While the S&P BSE Sensex fell by 143.41 points or 0.22% to close at 64,832.20, the broader Nifty50 was down 48.20 points or 0.25% to settle at 19,395.30.
Banking gauge Nifty Bank finished the day at 43,683.60, up by 24.95 points or 0.06%.
Indian Benchmark indices settled marginally lower and it seems to have entered in consolidation mode but the realty sector continued to outshine, while the Nifty IT and FMCG sectors faced downward pressure, Om Mehra, Technical Analyst, SAMCO Securities said. Technically, Nifty breached the lower channel support, indicating a slight shift in momentum, he said, while warning on the likelihood of
