F&O Ban: PNB, Indus Towers among 4 stocks under trade ban on Wednesday
trade ban: GNFC, PNB, SAIL, and Indus Towers.
Balrampur Chini Mills, Chambal Fertilisers, Granules, and Piramal Enterprises have successfully exited the ban list, while the remaining stocks continue to be restricted from F&O trading.
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 indices do not face situations where securities are placed under a trading ban.
On Tuesday, Punjab National Bank's Market Wide Position Limit (MWPL) was at 88.3%, with Open Interest (OI) reported by Trendlyne at 200.2 million, marking a decrease of 0.76% from the previous session.
GNFC's MWPL stood at 97.7% on Tuesday, with OI reported by Trendlyne at 4.9 million, down by 1.82% from the previous session.
SAIL's MWPL was 88.4% on Tuesday, with OI reported by Trendlyne at 62.6 million, showing a decline of 1.90% from the previous session.
Indus Towers' MWPL stood at 146.3% on Tuesday, with OI reported by Trendlyne at 63.5 million, an increase of 1.34% from the previous session.
Indian headline indices surged to fresh record highs, driven by bank stocks, with HDFC Bank making the largest contribution. ICICI Bank and Axis Bank also played significant roles as major contributors to the index.
The 30-stock S&P BSE Sensex reached a new peak at 78,164.71, rising by 824 points or 0.87%, while the broader Nifty hit a lifetime high of 23,754.15,
