stocks in f&o ban today: F&O Ban: BHEL, ZEEL, IEX among seven stocks under ban on Thursday

Seven stocks are under the F&O ban for trade on Thursday, June 15, 2023, viz. Indiabulls Housing Finance Company, Indian Energy Exchange (IEX), The India Cements, Bharat Heavy Electricals (BHEL), Manappuram Finance, Delta Corp and Zee Entertainment Enterprises (ZEEL). Indiabulls has been under the ban since June 6 while ZEEL is the latest entrant. The banned stocks 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 85.3% on Wednesday with OI reported by Trendlyne at 49.8 million. It was down 0.7% from the previous session.

IB Housing Finance shares settled at Rs 113.80 on the NSE on Wednesday and were down by Rs 0.60 or 0.52%.

According to data available on Trendlyne, the MWPL for IEX stood at 88% with OI reported by Trendlyne at 46.4 million. It was down 2.4% from the previous session.

IEX shares ended at Rs 123.50 in last session, down 1.32% from the previous closing price.Meanwhile, the MWPL for The India Cements stood at 94% with OI reported by Trendlyne at 18 million. It was down 1.5% from the previous session.

India Cements shares closed 0.48% lower at Rs 227.05.
MWPL for BHEL stood at 87.5% with OI reported by Trendlyne at 95.5 million. It was down 5.5% from the previous session. Meanwhile, MWPL for Manappuram stood at 95.4% with OI reported by Trendlyne at 64.3 million. It was down 3% from the previous session. MWPL for Delta Corp stood at 94.8%with OI reported by Trendlyne at 17.6 million. It was down 2.7% from the previous session.

And for ZEEL, the MWPL stood at 95.1% with OI reported by Trendlyne at 89.5 million. It was up 0.6% from the previous session.

Manappuram, BHEL, Delta Corp and ZEEL shares ended at Rs 121, Rs 83.65, Rs 243 and Rs 195, respectively. While Manappuram, BHEL and Delta Corp closed with declines between 0.41%-1.82%, ZEEL gained nearly 0.50%.

Indian frontline indices S&P BSE Sensex and Nifty50 ended Wednesday with gains, registering their third successive gains. While the Sensex closed at 63,228.51, up by 85.35 points or 0.14%, the broader Nifty50 settled at 18,755.90, up by 39.75 points or 0.21%. Nifty Bank finished at 43,988, lower by 91.85 points or 0.21%.

“Nifty rose for the third consecutive session on June 14. At close, Nifty was up 0.21% or 39.8 points at 18,755.9. Volumes on the NSE were on the higher side. Smallcap index rose more than the Nifty even as the advance-decline ratio softened but remained above par at 1.19:1,” Deepak Jasani, Head of Retail Research at HDFC Securities said.

“Nifty formed a high wave type candle at the highs suggesting upside volatility. A move below the low of June 14 (18,690) could lead to a faster move on the downside. On the other hand, a move above 18782 could lead to a new high formation in the next few sessions,” Jasani 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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