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 index do not encounter a situation of security ban.
The MWPL for Bandhan Bank stood at 84.9% on Tuesday with OI reported by Trendlyne at 107.7 million. It was down by 0.3% from the previous session.
The MWPL for Birlasoft stood at 84.5% on Tuesday with OI reported by Trendlyne at 14.4 million. It was down 1.3% from the previous session.
For GNFC, the MWPL stood at 104.7% on Tuesday with OI reported by Trendlyne at 7 million. It was down 1.2% from the previous session.The MWPL for Granules India stood at 97.8% on Tuesday with OI reported by Trendlyne at 13.7 million. It was down 1.7% from the previous session.The MWPL for Hindustan Copper stood at 90.7% on Tuesday with OI reported by Trendlyne at 36.2 million. It was down by 0.8% from the previous session.
For IDFC First Bank, the MWPL stood at 92.9% on Tuesday with OI reported by Trendlyne at 507.2 million. It was down 1.7% from the previous session.
The MWPL for Manappuram Finance stood at 90.7% on Tuesday with OI reported by Trendlyne at 69 million. It was down 1.1% from the previous session.
The MWPL for PNB stood at 95.7% on Tuesday with OI reported by Trendlyne at 337.5 million. It was down 1.2% from the previous session.
The MWPL for RBL Bank stood at 91.6% on Tuesday with OI reported by Trendlyne at 80.8 million. It was down 1% from the previous session.
The MWPL for SAIL stood at 100.5% on Tuesday with OI reported by Trendlyne at 163.6 million. It was up 12.2% from the previous session.
Indian headline indices BSE Sensex and Nifty rebounded on Tuesday after six days of losses, driven by HDFC Bank and Reliance Industries ahead of the RBI policy decision and quarterly earnings which begin from Thursday with the announcement of TCS results. Positive market sentiment also came as BJP clinched a victory in Haryana for the third time in a row.
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