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 Balrampur Chini stood at 95.6% on Wednesday with OI reported by Trendlyne at 10.1 million. It was down 3.4% from the previous session.
For BHEL, MWPL stood at 85.7% on Wednesday with OI reported by Trendlyne at 67.5 million. It was down 3.6% from the previous session.
For Chambal Fertilizers, the MWPL stood at 83.9% on Wednesday with OI reported by Trendlyne at 12.3 million. It was down 3.3% from the previous session.
The MWPL for Hindustan Copper stood at 96.3% on Wednesday with OI reported by Trendlyne at 30.1 million. It was down 0.9% from the previous session.The MWPL for Delta Corp stood at 95.5% on Wednesday with OI reported by Trendlyne at 13.9 million. It was down 4.3% from the previous session.
MWPL for Indiabulls Housing stood at 86.7% on Wednesday with OI reported by Trendlyne at 51.6 million. It was down 1% from the previous session.
As for Manappuram Finance, MWPL stood at 83.5% on Wednesday with OI reported by Trendlyne at 66.3 million. It was down 0.2% from the previous session.
Meanwhile, the MWPL for PNB stood at 88.9% on Wednesday with OI reported by Trendlyne at 228.5 million. It was down 7.6% from the previous session.
For ZEEL, MWPL stood at 83.6% on Wednesday with OI reported by Trendlyne at 89.7 million. It was down 1.6% from the previous session.
Indian frontline indices fell on Wednesday amid selling pressure in bank and energy stocks. It was the second successive negative ending for both indices. The S&P BSE closed at 66,800.84, down by 796 points or 1.18%. The broader Nifty50 fell by 231.90 points or 1.15% to close at 19,901.40. Meanwhile, banking gauge Nifty Bank settled at 45,384.60, lower by 595.25 points or 1.29%.
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