Seven Stocks Under F&O Ban on Friday

21 Jun 2024 , 09:44 AM

On Friday, seven stocks are under the Futures and Options (F&O) trade ban. These include:

• Balrampur Chini Mills
• Birlasoft
• GNFC
• Hindustan Aeronautics
• Hindustan Copper
• Indus Towers
• Piramal Enterprises

Changes in the Ban List

• Exited the Ban List: Chambal Fertilisers, SAIL, and India Cements have been removed from the ban list.
• New Additions: Birlasoft and GNFC have been added to the ban list.

F&O Ban Criteria

Stocks enter the ban period for F&O contracts when the open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the OI falls below 80%.

Market-Wide Position Limits (MWPL) Updates

Here are the MWPL details for the stocks under the ban:

• Balrampur Chini Mills
  • MWPL: 86.9%
  • OI: 8.8 million (up 0.29% from the previous session)
• Birlasoft
  • MWPL: 99%
  • OI: 11.7 million (down 0.37% from the previous session)
• GNFC
  • MWPL: 158.1%
  • OI: 7.7 million (up 9.86% from the previous session)
• Hindustan Aeronautics
  • MWPL: 88%
  • OI: 9.1 million (down 0.49% from the previous session)
• Hindustan Copper
  • MWPL: 87.2%
  • OI: 28.6 million (up 2.17% from the previous session)
• Indus Towers
  • MWPL: 178.9%
  • OI: 85.9 million (up 0.67% from the previous session)
• Piramal Enterprises
  • MWPL: 94.5%
  • OI: 12 million (up 1.07% from the previous session)

Traders who trade in index futures and options do not face security bans as these restrictions apply only to individual stock contracts.