Eight stocks are under F&O trade ban on Monday, November 20, 2023 viz. Delta Corp, Hindustan Copper, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), RBL Bank and Zee Entertainment Enterprises (ZEEL). Steel Authority of India (SAIL) has come out of the ban.
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.
The MWPL for Chambal Fertilizers stood at 93.4% on Friday with OI reported by Trendlyne at 12.7 million. It was down 5.6% from the previous session.
The MWPL for Delta Corp stood at 83.8% on Friday with OI reported by Trendlyne at 13.4 million. It was down 1.5% from the previous session.
MWPL for Hindustan Copper stood at 102.3 % on Friday with OI reported by Trendlyne at 34.6 million. It was down 1.7% from the previous session.
MWPL for The India Cements stood at 96.8% on Friday with OI reported by Trendlyne at 23.4 million. It was down 6.3% from the previous session.
MWPL for Manappuram Finance stood at 93.5% on Friday with OI reported by Trendlyne at 67.8 million. It was down 7% from the previous session.
The MWPL for RBL Bank stood at 104% on Friday with OI reported by Trendlyne at 51.9 million. It was down 21.2% from the previous session.
The MWPL for MCX stood at 93.9% on Friday with OI reported by Trendlyne at 2.8 million. It was down 5.3% from the previous session.
For ZEEL, MWPL stood at 91.2% on Friday with OI reported by Trendlyne at 97 million. It was down 0.9% from the previous session.
Indian frontline indices ended in the red on Friday breaking their two sessions gaining streak led by heavy selling pressure in the banks and financial stocks.
While the S&P BSE Sensex declined by 187.75 points or 0.28% to close at 65,794.73, the broader Nifty50 was up by 33.40 points or 0.17% to settle at 19,731.80. Banking gauge Nifty Bank finished the day at 43,583.95, lower by 577.60 points or 1.31%.
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