stocks in f&o ban today: F&O Ban: SAIL, Delta Corp among 9 stocks under ban on Tuesday

Nine stocks are under the F&O trade ban on Tuesday, September 12, 2023, viz. Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB) and Steel Authority of India (SAIL).

The F&O 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 indices do not encounter a situation of security ban.

For BHEL, MWPL stood at 103.8% on Monday with OI reported by Trendlyne at 81 million. It was up 3.7% from the previous session.

The MWPL for Delta Corp stood at 90.4% with OI at 15.2 million. It was down 2.4% from the previous session.

The MWPL for Chambal Fertilizers stood at 89.6% with OI at 14.8 million. It was down 4.9% from the previous session.

The MWPL for Hindustan Copper stood at 88.1% with OI at 33.5 million. It was down 0.6% from the previous session.Meanwhile, the MWPL for The India Cements stood at 92.7% with OI at 22.9 million. It was down 1.4% from the previous session.

MWPL for Indiabulls Housing stood at 102.5% with OI at 59.8 million. It was down 1.1% from the previous session.

For SAIL, the MWPL stood at 90.6% with OI at 137.9 million. It was down 1.8% from the previous session.

MWPL for PNB stood at 80.5% with OI at 279.3 million. It was down 10.4% from the previous session.

As for Manappuram Finance, MWPL stood at 93.1% with OI at 74.2 million. It was down 2% from the previous session.

Indian frontline index Nifty50 hit an all time high of 20,008 led by strong buying action in bank and auto stocks. Barring media, the remaining 14 Nifty indices ended in the green. With Monday’s rally Nifty and S&P BSE Sensex ended with seventh positive closing. Sensex ended at 67,127.08, up 528.17 points or 0.79% while the broader Nifty50 settled at 19,996.35, higher by 176.40 points or 0.89%. The banking gauge Nifty Bank finished at 45,570.70, up by 414.30 points or 0.92%.

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