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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