GMR Infra, HDIL, Kaveri Seeds, Infibeam among others in F&O ban

India Infoline News Service | Mumbai | June 13, 2017 10:21 IST

Major stocks such as GMR Infrastructure, HDIL, Kaveri Seeds, Infibeam, Indiabulls Real Estate, JP Associates, Oriental Bank of Commerce, and Ujjvan Financial Services have been included in the future and options (F&O) contracts ban.

Major stocks such as GMR Infrastructure, HDIL, Kaveri Seeds, Infibeam, Indiabulls Real Estate, JP Associates, Oriental Bank of Commerce, and Ujjvan Financial Services have been included in the future and options (F&O) contracts ban.
 
Generally, when the combined open interest in its derivative contracts crosses 95% of the market-wide position limit, a stock goes under the ban in F&O.
 
Once in ban period trade is allowed only to decrease positions, basically no new contracts/fresh positions are allowed.
 
The normal trading in the stock resumes only after the aggregate open interest across exchanges comes down to 80% or below of the market-wide position limit.
 
On Tuesday’s trading session, Jaiprakash Associates was up by 8.4%, GMR Infra was up by 3.6%, HDIL was up by 1%, Kaveri Seeds was up by 1%, OBC was up by 1.9%, Ujiivan Financial Services was up by 0.9%
 
On the other hand, Infibeam was down by 0.03%, Indiabulls Real Estate was down by 0.2%.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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