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 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 of Hindustan Copper stood at 103% on Wednesday with OI reported by Trendlyne at 32.9 million. It was down by 7.5% from the previous session.
Hindustan Copper shares ended at Rs 311.25 on the NSE on Wednesday, up by Rs 2.25 or 0.73% over Tuesday’s closing price. The multibagger stock has been in top form over the past 12 months and has delivered a whopping 217% returns during this period. In comparison, the headline index has given nearly 30% returns in the same period. In FY2024 so far, its returns have been over 14%.
The MWPL for SAIL stood at 103.9% on Wednesday with OI reported by Trendlyne at 165.6 million. It was down 2.8% from the previous session.SAIL shares closed at Rs 148.30 on the NSE, up by Rs 0.45 or 0.30%. This stock has delivered returns of 80% over the past 1 year and 19% in 2024, year-to-date.The MWPL for Zee stood at 98.4% on Wednesday with OI reported by Trendlyne at 145.6 million. It was up 3.9% from the previous session.
Zee shares ended at Rs 153.60 on the NSE on Wednesday, gaining Rs 0.25 or 0.16%. This counter has seen its price fall by nearly 29% in the last 12 months. In 2024, the decline was more pronounced after its deal with Sony fell off.
Indian benchmark indices ended Wednesday in the red maintaining a two-session losing streak dragged by auto and FMCG stocks. While The S&P BSE Sensex settled at 73,876.82, lower by 27.09 points or 0.04%, the broader Nifty closed at 22,434.65, down by 18.65 points or 0.08%.
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