On Monday, the stocks of Balrampur Chini, SAIL, and Zee Entertainment are under a Futures & Options (F&O) trade ban.
Zee Entertainment has been under the ban since last week, while Balrampur Chini and SAIL are new additions.
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 open interest falls below 80%.
Traders dealing with indexes do not face these security bans.
As of Friday, the MWPL for Balrampur Chini Mills was at 115.9%, with an OI of 13.2 million, up 3.55% from the previous session. SAIL’s MWPL was at 100.4%, with an OI of 173 million, up 4.02% from the previous session. Zee Entertainment’s MWPL was at 86%, with an OI of 131 million, up 2.02% from the previous session.
On Friday, the stock market saw a significant rebound, with the Sensex closing over 1,600 points higher, reaching a new all-time high, and the Nifty 50 gaining over 468 points, erasing all losses from June 4.
The Nifty 50 closed 2.05% higher on Friday, up 468.75 points, ending at 23,290. Meanwhile, the 30-component BSE Sensex closed with a gain of 2.16%, up 1,618.85 points, ending at 76,693.40.
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