The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Traders who trade in index do not encounter a situation of security ban.
The MWPL for Bandhan Bank stood at 88.5% on Friday with OI reported by Trendlyne at 112.2 million. It was down by 2.1% from the previous session.
The MWPL for Birlasoft stood at 90% on Friday with OI reported by Trendlyne at 15.2 million. It was down 4.8% from the previous session.
For GNFC, the MWPL stood at 117.8% on Friday with OI reported by Trendlyne at 7.7 million. It was up 5.7 % from the previous session.The MWPL for Granules India stood at 105% on Friday with OI reported by Trendlyne at 15 million. It was down 13.6% from the previous session.The MWPL for Hindustan Copper stood at 96.6% on Friday with OI reported by Trendlyne at 38 million. It was down by 2.3% from the previous session.
The MWPL for Manappuram Finance stood at 95.9% on Friday with OI reported by Trendlyne at 71.9 million. It was down 4.6% from the previous session.
The MWPL for RBL Bank stood at 95% on Friday with OI reported by Trendlyne at 82.9 million. It was down 1.9% from the previous session.
The Sensex and Nifty extended their losing streak to five consecutive sessions on Friday, as auto, banking, and financial stocks pulled the indices into the red. Weighed down by escalating tensions in the Middle East and rising foreign outflows, investor sentiment remained subdued. The BSE Sensex dropped 808 points or 0.98% to close at 81,688.4, while the NSE Nifty slipped 200 points or 0.79% to end at 25,049.8.
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