F&O Ban List: SAIL, PNB among 9 stocks under trade ban on Monday

Nine stocks are under F&O trade ban on Monday viz. Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank (PNB), RBL Bank and Steel Authority of India (SAIL).

Bandhan Bank, Birlasoft and Tata Chemicals have moved out of the ban.

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 Chambal Fertilizers stood at 101.8% on Friday with OI reported by Trendlyne at 12.1 million. It was down 5% from the previous session.

For GNFC, the MWPL stood at 97.6% on Friday with OI reported by Trendlyne at 6.6 million. It was down 1.2% from the previous session.The MWPL for Granules India stood at 88% on Friday with OI reported by Trendlyne at 12.3 million. It was down 6.3% from the previous session.The MWPL for Hindustan Copper stood at 88.5% on Friday with OI reported by Trendlyne at 35.9 million. It was down by 0.2% from the previous session.

For IDFC First Bank, the MWPL stood at 86.4% on Friday with OI reported by Trendlyne at 469.7 million. It was down 0.5% from the previous session.

The MWPL for Manappuram Finance stood at 87.6% on Friday with OI reported by Trendlyne at 66.4 million. It was down 0.7% from the previous session.

The MWPL for PNB stood at 90.9% on Friday with OI reported by Trendlyne at 325.8 million. It was down 1.1% from the previous session.

The MWPL for RBL Bank stood at 88.9% on Friday with OI reported by Trendlyne at 78.3 million. It was down 1.3% from the previous session.

The MWPL for SAIL stood at 87.6% on Friday with OI reported by Trendlyne at 142.6 million. It was down 3.7% from the previous session.

Indian benchmark indices ended Friday in the red, registering their third straight loss dragged by auto and bank stocks. While the S&P BSE Sensex settled at 81,381.36, down by 230.05 or 0.28%, the broader Nifty50 closed at 24,964.25, lower by 34.20 or 0.14%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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