F&O Ban: National Aluminium, Chambal Fertilizers among 10 stocks under ban on Wednesday
BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB), National Aluminium Company and 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 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.
For BHEL, MWPL stood at 80.9% on Tuesday with OI reported by Trendlyne at 64.8 million. It was down 20.1% from the previous session.
The MWPL for Delta Corp stood at 84.2% with OI at 13.7 million.
It was down 9.6% from the previous session.
The MWPL for Chambal Fertilizers stood at 80% with OI at 13.2 million. It was down 10.6% from the previous session.
The MWPL for Hindustan Copper stood at 83.5% with OI at 31.6 million. It was down 5.5% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 85.7% with OI at 20.7 million.
It was down 9.4% from the previous session.
MWPL for Indiabulls Housing stood at 95.1% with OI at 56 million. It was down 6.4% from the previous session.
For SAIL, the MWPL stood at 83.5% with OI at 128.6 million. It was down 6.7% from the previous session.
MWPL for PNB stood at 74.2% with OI at 254.1 million.
It was down 9% from the previous session.
For National Aluminium, MWPL stood at 97.2% with OI at 69.5 million. It was down 1.6% from the previous session.
As for Manappuram Finance, MWPL stood at 88.7% with OI at 70.7 million. It was down 4.9% from the previous session.
Indian benchmarks ended lackluster on Tuesday after volatile trade dragged by auto, energy and
