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 Delta Corp stood at 81.6% on Wednesday with OI reported by Trendlyne at 13.1 million. It was down 4.7% from the previous session.
The MWPL for Hindustan Copper stood at 81.4% with OI at 31.2 million. It was down 1.4% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 83.6% with OI at 20.2 million. It was down 2.5% from the previous session.
MWPL for Indiabulls Housing stood at 91.5% with OI at 54 million. It was down 3.6% from the previous session.For SAIL, the MWPL stood at 81.6% with OI at 125.9 million. It was down 2.1% from the previous session.
MWPL for REC stood at 100.1% with OI at 67.8 million. It was up 5.8% from the previous session.
The MWPL for IEX stood at 90.4% with OI at 65.8 million. It was down 5.1% from the previous session.
For National Aluminium, MWPL stood at 89.9% with OI at 64.8 million. It was down 6.7% from the previous session.
As for Manappuram Finance, MWPL stood at 87% with OI at 69.2 million. It was down 2% from the previous session.
Indian benchmark indices ended Wednesday with gains led by buying action in bank and financial stocks. While the Nifty50 settled at 20,063.45, up by 70.25 points or 0.35%, the S&P BSE Sensex finished at 67,466.99, higher by 245.86 points or 0.37%. Banking gauge Nifty Bank closed higher by 398.10 points or 0.87% at 45,909.45.
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