F&O Ban: SAIL, India Cements among 5 stocks under trade ban on Thursday
Delta Corp, Indiabulls Housing Finance, The India Cements, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL).
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.
MWPL for Delta Corp stood at 94.2% on Wednesday with OI reported by Trendlyne at 16.7 million. It was down 3.1% from the previous session.
MWPL for Indiabulls Housing Finance stood at 99.9% on Wednesday with OI reported by Trendlyne at 61.8 million. It was down 1.9% from the previous session.
MWPL for India Cements stood at 89.8% on Wednesday with OI reported by Trendlyne at 24.6 million.
It was down 3.1% from the previous session.
The MWPL for SAIL stood at 107.8% on Wednesday with OI reported by Trendlyne at 171.9 million. It was up by 12.4% from the previous session.
For ZEEL, MWPL stood at 94% on Wednesday with OI reported by Trendlyne at 117.6 million. It was down 2% from the previous session.
Indian headline indices recorded new highs on Wednesday and ended positive for the seventh session in a row led by gains in IT and energy stocks.
While the S&P BSE Sensex hit a life high of 69744.62 before closing at 69,653.73, up by 357.59 points or 0.52%, the broader Nifty scaled 20,961.95 before closing at 20,937.70, higher by 82.60 points or 0.4%. Banking gauge Nifty Bank settled at 46,834.55, losing 177.70 points or 0.38%.
(You can now subscribe to our ETMarkets WhatsApp channel)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent
