BHEL, Delta Corp et al. under F&O ban today

16 May 2023 , 09:15 AM

Bharat Heavy Electricals (BHEL), Delta Corp, Gujarat Narmada Valley Fertilisers and Chemicals (GNFC), and Punjab National Bank (PNB) are the four companies that are subject to the F&O suspension for trading on Tuesday. 

When the open interest (OI) on a stock surpasses 95% of the market-wide positions limits, or MWPL, the futures and options contracts for that stock enter the ban period. Only if the open interest falls below 80% is the prohibition on it lifted.

The MWPL for BHEL, according to data on Trendlyne, was 81.5% on Monday, with OI recorded by Trendlyne as 94.7 million. In comparison to the prior session, it was down 1.3%.

On Monday, BHEL stock closed at Rs 80.15, a decrease of 0.15% from the previous closing price.

The MWPL for GNFC, meanwhile, was 106.6% on Monday, according to Trendlyne’s OI report of 7.6 million. In comparison to the prior session, it was up 4.8%.

At Rs. 635.70, GNFC shares closed 2.42% down.

On Monday, Delta Corp’s MWPL was 80.7%, according to Trendlyne’s reported OI of 36.4 million. In comparison to the prior session, it was down 2.6%.

Shares of Delta Corp finished at Rs 224.60, up Rs 6.90 or 3.17%.

The MWPL for PNB was 90.7% on Monday, according to Trendlyne’s OI report of 235.5 million. 3.4% less than the previous session, it.

On the NSE, PNB shares closed the session 0.21% lower at Rs 48.40.

The Indian stock market closed Monday in green. The larger Nifty50 closed at 18398.85, up 84 points or 0.46%, while the BSE Sensex ended at 62,345.71, up 317 points or 0.51%. In the 50-stock index, 35 stocks closed higher while 15 closed lower. The banking index Nifty Bank closed with a bullish bias, falling just 0.10 points short of its all-time high of 44,151.80.

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