F&O Ban List: Bandhan Bank, Hindustan Copper among 5 stocks under trade ban on Friday

Five stocks are under an F&O trade ban on Friday viz. Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Hindustan Copper, India Cements and Piramal Enterprises (PEL)

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 indexes do not encounter a situation of security ban.

The MWPL for ABFRL stood at 98.3% on Thursday with OI reported by Trendlyne at 45.2 million. It was up 2.6% from the previous session.

The MWPL for Bandhan Bank stood at 100.3% on Thursday with OI reported by Trendlyne at 108.7 million. It was up by 6.9% from the previous session.

The MWPL for Hindustan Copper stood at 99.9% on Thursday with OI reported by Trendlyne at 38.7 million. It was down by 4.7% from the previous session.

MWPL for India Cements stood at 109.5% on Tuesday with OI reported by Trendlyne at 17.2 million. It was down by 2.4% from the previous session.

MWPL for PEL stood at 102.8% on Thursday with OI reported by Trendlyne at 16.5 million. It was up 9.5% from the previous session.

Indian headline indices traded in a range on Thursday though they managed to register fresh record highs on a closing basis. The 30-stock S&P BSE Sensex touched a lifetime high of 80,392.64 before ending the session at 80,049.67, up by 62.87 points or 0.08% while the broader Nifty scaled a peak of 24,401 before settling the day at 24,302.15, gaining by 15.65 or 0.06%.

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