F&O Trade Ban Hits Delta Corp, Indiabulls, India Cements, and ZEEL on Dec 6, 2023

6 Dec 2023 , 11:37 AM

The F&O trade ban affected four stocks on December 6, 2023: Delta Corp, Indiabulls Housing Finance, The India Cements, and Zee Entertainment Enterprises (ZEEL). Ban occurs when open interest (OI) surpasses 95% of market-wide position limits (MWPL); lifted only if OI drops below 80%.

Traders dealing in indices are exempt from security ban situations. Delta Corp’s MWPL was at 97.2% on Tuesday, OI reported at 17.2 million, down 2.8% from the previous session.

Indiabulls Housing Finance’s MWPL stood at 102.1% with OI at 62.9 million, down 3.1% from the previous session.

India Cements’ MWPL was at 93.1% with OI at 25.4 million, down 7.2% from the previous session, as reported by Trendlyne. ZEEL’s MWPL is at 96.2% with OI of 120 million, up 2.3% from the previous session.

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