F&O Ban List: NMDC, RBL Bank among 10 stocks under trade ban on Thursday

Synopsis

Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.

Ten stocks are under F&O trade ban on Thursday viz. Aarti Industries, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Indian Energy Exchange (IEX), Indiamart Intermesh, Manappuram Finance, NMDC, Piramal Enterprises (PEL) and RBL Bank.

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 Aarti Industries stood at 88.2% on Wednesday with OI reported by Trendlyne at 14.5 million. It was down 4.1% from the previous session.

The MWPL for Bandhan Bank stood at 86.9% on Wednesday with OI reported by Trendlyne at 93.6 million. It was down by 1.5% from the previous session.

The MWPL for Birlasoft stood at 82.5% on Wednesday with OI reported by Trendlyne at 11.1 million. It was down 7% from the previous session.

For GNFC, the MWPL stood at 81% on Wednesday with OI reported by Trendlyne at 5.7 million. It was down 5.2% from the previous session.

For IEX, the MWPL stood at 85.1% on Wednesday with OI reported by Trendlyne at 51.2 million. It was down 3.4% from the previous session.

For Indiamart Intermesh, the MWPL stood at 129.4% on Wednesday with OI reported by Trendlyne at 2.5 million. It was down 4.3% from the previous session.

The MWPL for Manappuram Finance stood at 94.3% on Wednesday with OI reported by Trendlyne at 45.9 million. It was down 5.3% from the previous session.

The MWPL for NMDC stood at 97.3% on Wednesday with OI reported by Trendlyne at 86.2 million. It was down 2.5% from the previous session.

The MWPL for PEL stood at 90.3% on Wednesday with OI reported by Trendlyne at 10.3 million. It was down 3.3% from the previous session.

The MWPL for RBL Bank stood at 104% on Wednesday with OI reported by Trendlyne at 48.9 million. It was down 3.8% from the previous session.

Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday in a volatile session, weighed down by ongoing foreign fund outflows and selling pressure in auto and pharma stocks. While the 30-stock Sensex fell 138.74 points or 0.17% to close at 80,082 the broader Nifty50 index slipped 36.60 points or 0.15% to settle at 24,435.50.

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