F&O Ban List: GNFC, Hindustan Copper among 7 stocks under trade ban on Monday
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Seven stocks are under F&O trade ban on Monday viz. Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, Manappuram Finance 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 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...