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 Aarti Industries stood at 90.1% on Friday with OI reported by Trendlyne at 15.6 million. It was down 1.6% from the previous session.
The MWPL for Adani Enterprises stood at 84.2% on Friday with OI reported by Trendlyne at 14.2 million. It was down 8.1% from the previous session.
For GNFC, the MWPL stood at 89.2% on Friday with OI reported by Trendlyne at 5.4 million. It was down 1.5% from the previous session.The MWPL for Granules India stood at 83.2% on Friday with OI reported by Trendlyne at 15.5 million. It was down 1.4% from the previous session.Hindustan Copper reported MWPL at 83% on Friday with OI reported by Trendlyne at 36.1 million. It was down by 0.5% from the previous session.
The MWPL for IGL stood at 86.8% on Friday with OI reported by Trendlyne at 16.4 million. It was down 10.6 % from the previous session.
MWPL for NALCO stood at 85.2% on Friday with OI reported by Trendlyne at 48.1 million. It was down 11% from the previous session.
Indian equity markets rebounded strongly on Friday following a Thursday collapse, helped by buying trends across sectors with IT and bank heavyweights throwing their weights around. Individually Reliance Industries (RIL) was the single biggest contributor towards their surge. While the S&P BSE Sensex settled at 79,117.11, up by 1961.32 points or 2.54%, the broader Nifty closed at 23,907.25 , higher by 557.35 points or 2.39%.
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