F&O Ban List: IEX, GNFC among 9 stocks under trade ban on Wednesday

Nine stocks are under an F&O trade ban on Wednesday viz. Aditya Birla Fashion & Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), India Energy Exchange (IEX), India Cements, Indus Towers and Piramal Enterprises (PEL).

While Hindustan Copper has exited the ban, IEX is the latest entrant on the list.

Any stock’s Future & Options contracts enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL.

Traders who trade in indices do not face situations where securities are placed under a ban.

The MWPL for ABFRL stood at 88.3% on Tuesday, with OI reported by Trendlyne at 41.2 million. It was down 1.9% from the previous session.The MWPL for Balrampur Chini stood at 113% on Tuesday, with OI reported by Trendlyne at 16.4 million. It was up 12% from the previous session.The MWPL for Bandhan Bank stood at 88% on Tuesday, with OI reported by Trendlyne at 97.4 million. It was down by 2.7% from the previous session. The MWPL for Chambal Fertilizers stood at 107.7% on Tuesday, with OI reported by Trendlyne at 13.3 million. It was down 7.4% from the previous session.

For GNFC, the MWPL stood at 101.6% on Tuesday, with OI reported by Trendlyne at 7.3 million. It was down 3% from the previous session.

MWPL for India Cements stood at 104.8% on Tuesday, with OI reported by Trendlyne at 16.3 million. It was down by 1.1% from the previous session.

For IEX, the MWPL stood at 99.8% on Tuesday, with OI reported by Trendlyne at 82 million. It was up 6.2% from the previous session.

The MWPL for Indus Towers stood at 94.9% on Tuesday, with OI reported by Trendlyne at 95.4 million. It was down by 1.1% from the previous session.

MWPL for PEL stood at 89.2% on Tuesday, with OI reported by Trendlyne at 14.9 million. It was down 3.6% from the previous session.

The Indian headline indices ended in the green on Tuesday, led by Maruti Suzuki India and State Bank of India. The 30-stock S&P BSE Sensex ended at 80,351.64, up by 391.26 points or 0.49%, while the broader Nifty settled the day at 24,433.20, gaining by 112.65 points or 0.46%.

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