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 85.4% on Wednesday with OI reported by Trendlyne at 84 million. It was down 4.8% from the previous session.
The MWPL for Delta Corp stood at 97.8% with OI at 16.6 million. It was down 8.5% from the previous session.
The MWPL for Hindustan Copper stood at 93.2% with OI at 35.2 million. It was down 3.2% from the previous session.
Meanwhile, the MWPL for The India Cements stood at 96.8% with OI at 23.9 million. It was down 2.2% from the previous session.The MWPL for Balrampur Chini stood at 93.4% with OI at 13.1 million. It was down 10.4% from the previous session.
MWPL for Indiabulls Housing stood at 105.8% with OI at 61.4 million. It was down 1.1% from the previous session.
For SAIL, the MWPL stood at 101.4% with OI at 152.3 million. It was up 4.9% from the previous session.
As for Manappuram Finance, MWPL stood at 99.1% with OI at 78.2 million. It was up 1% from the previous session.
Indian frontline indices ended with gains on Wednesday, continuing their gaining streak for the fourth time in a row as losses in bank, IT and auto stocks were offset by gains in FMCG and pharma stocks. BSE Sensex ended at 65,880.52, up 100.26 points or 0.15% while the broader Nifty50 settled at 19,611.05, higher by 36.15 points or 0.18%. The banking gauge Nifty Bank finished at 44,409.10, up by 123.05 points or 0.28%.
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