stocks in f&o ban today: F&O Ban: Balrampur Chini among 8 stocks under ban on Friday

Eight stocks are under the F&O trade ban on Friday, September 22, 2023, viz. Balrampur Chini, Bharat Heavy Electricals (BHEL), Hindustan Copper, Indiabulls Housing Finance Company, The India Cements, Manappuram Finance, Punjab National Bank (PNB), Zee Entertainment Enterprises (ZEEL). Chambal Fertilizers exited the ban today.

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 87.2% on Thursday with OI reported by Trendlyne at 9.6 million. It was down 4.9% from the previous session.

For BHEL, MWPL stood at 81.1% on Thursday with OI reported by Trendlyne at 65.2 million. It was down 3.4% from the previous session.

The MWPL for Hindustan Copper stood at 91.5% on Thursday with OI reported by Trendlyne at 29.4 million. It was down 2.5% from the previous session.

The MWPL for Delta Corp stood at 90.7% on Thursday with OI reported by Trendlyne at 13.3 million. It was down 4.2% from the previous session.MWPL for Indiabulls Housing stood at 85.3% on Thursday with OI reported by Trendlyne at 50.8 million. It was down 1.5% from the previous session.

As for Manappuram Finance, MWPL stood at 82% on Thursday with OI reported by Trendlyne at 65.5 million. It was down 1.2% from the previous session.

Meanwhile, the MWPL for PNB stood at 81% on Thursday with OI reported by Trendlyne at 209.9 million. It was down 8.2% from the previous session.

For ZEEL, MWPL stood at 81.6% on Thursday with OI reported by Trendlyne at 88.4 million. It was down 1.4% from the previous session.

Indian frontline indices fell on Thursday amid selling across sector. It was the third successive session of decline for the benchmark indices. The S&P BSE closed at 66,230, down 570.60 points or 0.85%. The broader Nifty50 fell 159.05 points or 0.80% to close at 19,742.35. Meanwhile, banking gauge Nifty Bank settled at 44,623.85, lower by 760.75 points or 1.68%.

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