April 1: ZEEL Lone F&O Ban, Hind Copper Exits

1 Apr 2024 , 10:19 AM

Zee Entertainment Enterprises (ZEEL) was the sole stock under the F&O trade ban on Monday, while Hindustan Copper was removed from the ban list.

Stock markets remained closed on Friday, March 29, 2024, due to the Good Friday holiday.

F&O contracts of any stock enter the ban phase when its Open Interest (OI) surpasses 95% of the Market-Wide Position Limits (MWPL). The ban is lifted only if OI drops below 80%.

Traders dealing with indices do not face stock-specific bans.

Zee shares concluded at ₹138.75 on the NSE on Thursday, down by ₹2.60 or 1.84% compared to Wednesday’s closing. This marked the second consecutive loss over two sessions.

Over the past year, Zee shares have plummeted by more than 35%, with a particularly steep decline this year, exceeding 51%, attributed to the company’s failed merger with Sony.

Indian benchmark indices closed positively on Thursday, driven by gains in financial and auto stocks. The S&P BSE Sensex settled at 73,651.35, up by 655.04 points or 0.90%, while the broader Nifty closed at 22,326.90, rising by 203.25 points or 0.92%.

For feedback and suggestions, write to us at [e-mail]