F&O Ban List on April 4: Three Stocks Enter F&O Ban List

4 Apr 2024 , 10:11 AM

Three stocks, Hindustan Copper, Steel Authority of India (SAIL), and Zee Entertainment Enterprises (Zee), are on the F&O trade ban list, with SAIL and Zee being the latest additions.

F&O contracts enter the ban period when the open interest (OI) crosses 95% of the market-wide position limits (MWPL) and are reversed only if the OI falls below 80%.

Traders dealing with indices do not face security ban situations. Hindustan Copper’s MWPL stood at 103% on Wednesday, with OI reported at 32.9 million, marking a 7.5% decrease from the previous session. SAIL’s MWPL was recorded at 103.9% on Wednesday, with OI reported at 165.6 million, down by 2.8% from the prior session.

Zee’s MWPL stood at 98.4% on Wednesday, with OI reported at 145.6 million, showing a 3.9% increase from the previous session. Hindustan Copper shares ended Wednesday at Rs 311.25, reflecting a 0.73% increase over the previous closing, with significant returns of 217% in the past 12 months.

SAIL shares closed at Rs 148.30, up by 0.30%, showcasing returns of 80% in the past year and 19% year-to-date. Zee shares ended at Rs 153.60, gaining 0.16%, despite a 29% decline in the last 12 months, primarily impacted by its deal with Sony falling off.

Indian benchmark indices closed Wednesday’s session in the red for the second consecutive day, with the S&P BSE Sensex settling at 73,876.82, down by 27.09 points (0.04%), and the Nifty closing at 22,434.65, down by 18.65 points (0.08%), dragged by auto and FMCG stocks.

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