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
China’s Real Estate Challenge
How a trade war and U.S. tariffs could hit Canada’s housing market – National
Housing Development Expected To Pause If Tariff Threat Turns Into Trade War