F&O Ban stocks: F&O Ban: BHEL, Indiabulls Housing, IEX among 6 stocks under ban on Wednesday

Six stocks are under the F&O ban for trade on Wednesday, June 14, namely Indiabulls Housing Finance Company, Indian Energy Exchange (IEX), The India Cements, Bharat Heavy Electricals (BHEL), Manappuram Finance and Delta Corp. The banned stocks, however, will be available for trading in the cash market.

The F&O 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 indices do not encounter a situation of security ban.

The MWPL for Indiabulls Housing stood at 85.9% on Tuesday with OI reported by Trendlyne at 50.2 million. It was down 2.2% from the previous session.

IB Housing Finance shares settled at Rs 114.45 on the NSE, down 4.66%.

According to the data available on Trendlyne, the MWPL for IEX stood at 91% on Tuesday with OI reported by Trendlyne at 47.6 million. It was down 4.6% from the previous session.

IEX shares ended at Rs 125.15 on Tuesday, up 1.25% from the previous closing price.Meanwhile, the MWPL for The India Cements stood at 96.6% on Tuesday with OI reported by Trendlyne at 18.2 million. It was down 1.4% from the previous session.

India Cements shares closed the day 0.89% lower at Rs 228.05 on Tuesday.

MWPL for BHEL stood at 96% on Tuesday with OI reported by Trendlyne at 101.1 million. It was up 4% from the previous session.

MWPL for Manappuram stood at 99.9% on Tuesday with OI reported by Trendlyne at 66.3 million. It was up 7.7% from the previous session.

MWPL for Delta Corp stood at 99.5% on Tuesday with OI reported by Trendlyne at 18.1 million. It was down 4% from the previous session.

Manappuram, BHEL and Delta Corp shares ended at Rs 84.85, Rs 121.65 and Rs 247.50, respectively. While BHEL and Delta Corp closed with declines of over 1%, Manappuram gained nearly 3%.

Indian frontline indices S&P BSE Sensex and Nifty50 ended Tuesday with gains, registering their second successive rise. While the Sensex closed at 63,143.16, up by 418.45 points or 0.67%, the broader Nifty50 settled at 18,716.15, up by 114.65 points or 0.62%. Nifty Bank finished at 44,079.85, lower by 135.65 points or 0.31%.

“The Indian equity markets started on a positive note on Tuesday tracking the sharp rally in the US bourses on the hopes of a pause in the Fed rate hike. The benchmark index stayed at higher ground throughout the session, suggesting a bullish undertone for our market. Though post the start, there was no major traction in the index and eventually, it settled a tad above 18,700, procuring 0.62% for the day,” Osho Krishan, Senior Analyst, Technical & Derivative Research at Angel One said.

“Technically, Nifty once again is hovering near the upper band of the consolidation awaiting a positive trigger to witness a breakout. As far as levels are concerned, the 18,600 zone is likely to cushion any blip in the coming period, while the sacrosanct support lies around the 18,500 mark. Meanwhile, the global markets should be watched closely as any further relief could act as a catalyst to open up the next leg of the rally towards the lifetime high zone of 18,888,” Krishan said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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