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 BHEL stood at 80.3% on Monday with OI reported by Trendlyne at 66.3 million. It was down 8.7% from the previous session.
For Escorts Kubota, the MWPL stood at 95.1% on Monday with OI reported by Trendlyne at 1.1 million. It was down 10.1% from the previous session.
The MWPL for GMR Airports stood at 85.2% on Monday with OI reported by Trendlyne at 86.2 million. It was down 11.2% from the previous session.
The MWPL for Hindustan Copper stood at 87.4% on Monday with OI reported by Trendlyne at 22.8 million. It was down 4% from the previous session.MWPL for Indiabulls Housing stood at 146.4% on Monday with OI reported by Trendlyne at 17.2 million. It was down 63.8% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 85.6% on Monday with OI reported by Trendlyne at 18.7 million. It was down 3.7% from the previous session.
As for Manappuram Finance, MWPL stood at 86.3% on Monday with OI reported by Trendlyne at 60.9 million. It was down 4% from the previous session.
MWPL for RBL Bank stood at 86.6% on Monday with OI reported by Trendlyne at 28.8 million. It was down 5.7% from the previous session.
For Sun TV, MWPL stood at 90.6% on Monday with OI reported by Trendlyne at 4.8 million. It was down 12.2% from the previous session.
Indian frontline indices S&P BSE Sensex and Nifty50 ended on a positive note on Monday amid gains in bank, auto and pharma stocks while IT and FMCG sectors were among the laggards. The S&P BSE Sensex ended at 64,996.60, up 110.09 points or 0.17% while the broader Nifty50 settled at 19,306.05, higher by 40.25 points or 0.21%. The banking gauge Nifty Bank finished 263.20 points or 0.60% lower at 44,494.65.
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