F&O Ban List: Bandhan Bank, SAIL among 7 stocks under trade ban on Friday
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Seven stocks are under F&O trade ban on Friday viz. Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). 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 92.3% on Thursday with OI reported by Trendlyne at 83 million. It was down by 2.4% from the previous session. The MWPL for Granules India stood at 91.2% on Thursday with OI reported by Trendlyne at 14.9 million. It was down 2.7% from the previous session. Hindustan Copper reported MWPL at 88.6% on Thursday with OI reported by Trendlyne at 38.2 million. It was do...
