F&O Ban List Today: Bandhan Bank, Manappuram Finance Among 6 Stocks Restricted from Trading Amid Market Volatility

Six stocks, including Bandhan Bank, Manappuram Finance, Birlasoft, Granules India, Hindustan Copper, and RBL Bank, are under the F&O (Futures and Options) trade ban on Friday. A stock enters the F&O ban list when the open interest (OI) on it crosses 95% of the market-wide position limits (MWPL). The ban is lifted only if the OI falls below 80%.

For traders dealing with index options, this ban does not affect their transactions.

On Thursday, the MWPL for Bandhan Bank was at 90.7%, with an OI of 114.5 million, which was 3.9% lower than the previous day. Birlasoft’s MWPL stood at 94.5% with an OI of 16 million, down by 6.3%. Granules India had the highest MWPL at 125.3%, with an OI of 17.3 million, which rose by 52.2%. Hindustan Copper’s MWPL was 100.1%, with an OI of 38.8 million, down 2.7%. Manappuram Finance’s MWPL was 101.1%, with an OI of 75.4 million, up by 7.8%. Lastly, RBL Bank’s MWPL was 97.5%, with an OI of 84.5 million, down by 2.3%.

On the same day, Indian markets took a sharp hit due to multiple factors, including rising tensions in the Middle East. The Nifty50 dropped 547 points, closing at 25,250, while the Sensex fell 1,769 points, ending the day at 82,497.