F&O Trade Ban Impact: Eight Stocks Face Restrictions

15 Dec 2023 , 11:27 AM

Eight stocks faced the F&O trade ban on December 15, 2023: Balrampur Chini, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, The India Cements, Manappuram Finance, Zee Entertainment Enterprises (ZEEL), and Steel Authority of India (SAIL).

The ban is imposed when the open interest (OI) on a stock surpasses 95% of the market-wide positions limits (MWPL). It is lifted only if the OI falls below 80%.

National Aluminium Company is not under the F&O trade ban.

• Balrampur Chini’s MWPL was 110.9% on Thursday, with OI reported at 10.7 million, down 1.5% from the previous session.
• Delta Corp’s MWPL stood at 83.9%, and OI reported was 14.8 million, down 1.1% from the previous session.
• Indiabulls Housing Finance had an MWPL of 84.2%, with OI reported at 54.6 million, down 5.3% from the previous session.
• Hindustan Copper’s MWPL was 100.8%, and OI reported was 39.2 million, down 1.6% from the previous session.
• Manappuram Finance’s MWPL stood at 106.5%, and OI reported was 76.8 million, up 12.4% from the previous session.
• The India Cements had an MWPL of 90.5%, with OI reported at 22 million, down 2.7% from the previous session.
• ZEEL’s MWPL was 90.9%, and OI reported was 97.6 million, down 5.3% from the previous session.
• SAIL’s MWPL stood at 119.5%, and OI reported was 165.6 million, up by 20.7% from the previous session.

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