Futures and options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide position limits or MWPL. The ban is reversed only if open interest falls below 80%.
Traders who trade indices do not encounter a security ban situation.
Bandhan Bank’s MWPL stood at 88.5% on Friday and Trendlyne reported OI at 112.2 million. It fell 2.1% compared to the previous session.
Birlasoft’s MWPL stood at 90% on Friday and Trendlyne reported OI at 15.2 million. It fell 4.8% compared to the previous session.
For GNFC, the MWPL stood at 117.8% on Friday and Trendlyne reported the OI at 7.7 million. It rose 5.7% from the previous session. Granules India’s MWPL stood at 105% on Friday and Trendlyne reported OI at 15 million. It fell 13.6% compared to the previous session. Hindustan Copper’s MWPL stood at 96.6% on Friday and Trendlyne reported OI at 38 million. It fell 2.3% compared to the previous session.
Manappuram Finance’s MWPL stood at 95.9% on Friday and Trendlyne reported the OI at 71.9 million. It fell 4.6% compared to the previous session.
RBL Bank’s MWPL stood at 95% on Friday and Trendlyne reported OI at 82.9 million. It fell 1.9% compared to the previous session.
Sensex and Nifty extended their losing streak to five consecutive sessions on Friday as auto, banking and financial stocks pushed the indices into the red. Burdened by rising tensions in the Middle East and increasing foreign capital outflows, investor sentiment remained subdued. The BSE Sensex fell 808 points or 0.98% to close at 81,688.4, while the NSE Nifty fell 200 points or 0.79% to close at 25,049.8.
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