stocks in f&o ban today: F&O Ban: Delta Corp, India Cements among 6 stocks under ban on Wednesday

Six stocks are under the F&O trade ban on Wednesday, September 6, 2023, viz. Bharat Heavy Electricals (BHEL), Balrampur Chini, Delta Corp, Hindustan Copper, The India Cements and Indiabulls Housing Finance.

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 91.2% on Tuesday with OI reported by Trendlyne at 88.2 million. It was down 12.3% from the previous session.

The MWPL for Delta Corp stood at 107.7% with OI at 18.2 million. It was up 18.5% from the previous session.

The MWPL for Hindustan Copper stood at 97% with OI at 36.4 million. It was down 4.5% from the previous session.

Meanwhile, the MWPL for The India Cements stood at 99.4% with OI at 24.4 million. It was down 3.1% from the previous session.The MWPL for Balrampur Chini stood at 108.1% with OI at 14.6 million. It was down 7.1% from the previous session.

MWPL for Indiabulls Housing stood at 107.1% with OI at 62.1 million. It was down 2.5% from the previous session.

Indian frontline indices ended with gains on Tuesday, continuing their winning streak for the third session in a row. The rally was led by gains in pharma, FMCG and IT sectors while financial stocks were among the laggards. BSE Sensex ended at 65,780.26, up 152.12 points or 0.23% while the broader Nifty50 settled at 19,574.90, higher by 46.10 points or 0.24%. The banking gauge Nifty Bank finished at 44,532.15, up by 46.15 points or 0.23%.

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