Eight stocks are under a futures and options (F&O) trade ban on Thursday. These stocks include Balrampur Chini, Chambal Fertilizers & Chemicals, GMR Airports Infrastructure, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Piramal Enterprises (PEL), RBL Bank, and Vedanta.
Aditya Birla Fashion & Retail (ABFRL), India Cements, and Indus Towers have been removed from the ban list.
Understanding the Trade Ban
A stock enters the F&O ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the OI falls below 80%.
Traders dealing with index stocks do not face any trade bans.
Open Interest Details
- Balrampur Chini: MWPL was 98.4% on Tuesday, with OI at 8.4 million, up by 1.6%.
- Chambal Fertilizers: MWPL was 83.4%, with OI at 9.8 million, down by 0.8%.
- GMR Airports: MWPL was 93.2%, with OI at 209.2 million, up by 3.7%.
- GNFC: MWPL was 83.4%, with OI at 6.3 million, down by 1%.
- Hindustan Copper: MWPL was 93.4%, with OI at 34.1 million, down by 1.4%.
- PEL: MWPL was 102.2%, with OI at 13.9 million, down by 1.4%.
- RBL Bank: MWPL was 87.1%, with OI at 51.8 million, down by 0.8%.
- Vedanta: MWPL was 95%, with OI at 154.9 million, up by 8.6%.
Market Overview
On Tuesday, domestic equity indices Nifty 50 and Sensex hit record closing highs. Gains were led by Bharti Airtel, HUL, and IT stocks, driven by expectations of a US rate cut as early as September. The BSE Sensex rose 51 points (0.06%) to close at 80,716, while the NSE Nifty gained 26 points (0.11%) to end at 24,613.
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