F&O Ban: Balrampur Chini Mills, Birlasoft, GNFC, Hindustan Aeronautics, Hindustan Copper, Indus Towers, and Piramal Enterprises are the seven stocks under the F&O Ban.
On Friday, Birlasoft and GNFC were added to the ban list, and Chambal Fertilizers, SAIL, and India Cements were removed.
When the stock’s open interest (OI) exceeds 95% of the market-wide position limits, or MWPL, the futures and options contracts go into a ban period. The Economic Times says its prohibition is only lifted if the open interest drops to less than 80%.
Defence stocks, including Bharat Dynamics, HAL, and others, experienced a drop of 6%
Traders who engage in index trading are not subject to security bans.
Balrampur Chini Mills’ MWPL on Thursday was 86.9%, and Trendlyne’s OI was 8.8 million. It had increased from the previous session by 0.29%.
On Thursday, the MWPL for Birlasoft was 99%, and Trendlyne’s OI was 11.7 million. It had decreased from the prior session by 0.37%.
On Thursday, the GNFC’s MWPL was 158.1%, while Trendlyne’s OI was 7.7 million. Compared to the previous session, it was up 9.86%.
Hindustan Aeronautics’ MWPL on Thursday was 88%, and Trendlyne’s OI was 9.1 million. It had decreased from the prior session by 0.49%.
On Thursday, Hindustan Copper’s MWPL was 87.2%, and Trendlyne’s OI was 28.6 million. It increased from the previous session by 2.17%.
Thursday’s MWPL for Indus Towers was 178.9%, and Trendlyne’s OI was 85.9 million. In comparison to the previous session, it was up 0.67%.
Bharat Dynamics Limited Stock drops 20% in Two Day
Private banks and metal stocks drove the closing advances in the often volatile Indian benchmark equity indices on Thursday, with a decline in pharmaceutical firms capping the gains.
The 30-share BSE Sensex closed at 77,478 after rising 141 points, or 0.18%. The NSE Nifty finished at 23,567, up 51 points or 0.22%.
