The Future & Options 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 index do not encounter a situation of security ban.
For Aditya Birla Capital, the MWPL stood at 89.2% on Tuesday with OI reported by Trendlyne at 80.5 million. It was down 2.3% from the previous session.
The MWPL for Birlasoft stood at 90.3% on Tuesday with OI reported by Trendlyne at 11.2 million. It was down 4.9% from the previous session.The MWPL for Chambal Fertilizers stood at 82.7% on Tuesday with OI reported by Trendlyne at 14.3 million. It was down 5.3% from the previous session.For GNFC, the MWPL stood at 82.2% on Tuesday with OI reported by Trendlyne at 7 million. It was up 2.3% from the previous session.The MWPL for Granules India stood at 80.8% on Tuesday with OI reported by Trendlyne at 8.6 million. It was down 1.4% from the previous session.
The MWPL for Hindustan Copper stood at 91.8% on Tuesday with OI reported by Trendlyne at 34.5 million. It was down by 5.3% from the previous session.
MWPL for India Cements stood at 144% on Tuesday with OI reported by Trendlyne at 22.5 million. It was down by 5.1% from the previous session.
For Indiamart Intermesh, the MWPL stood at 97% on Tuesday with OI reported by Trendlyne at 3.8 million. It was down 1.7% from the previous session.
The MWPL for LIC Housing stood at 110.2% on Tuesday with OI reported by Trendlyne at 33.2 million. It was up by 6.9% from the previous session.
The MWPL for Manappuram Finance stood at 100.9% on Tuesday with OI reported by Trendlyne at 73.6 million. It was down 1.3% from the previous session.
The MWPL for RBL Bank stood at 88.6% on Tuesday with OI reported by Trendlyne at 69.4 million. It was up 1.3% from the previous session.
While it was a ‘Turnaround Tuesday’ in most Asian markets, Sensex ended the day with a loss of 166 points as a relief rally in the first half of the day proved to be a dead cat bounce. The Nifty50 index closed the day lower by 0.26% or 63 points at 23,992.55 while the Sensex was down by 0.21% or 166 points at 78,593.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
link
More Stories
NSE inks MoU with West Bengal govt to encourage MSMEs for fundraising via IPO – SME News
Role in the Economy, Importance, Types, and Examples
Nigeria @ 64: Homelessness increases among Nigerians