Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.
Eight stocks will not be available for F&O trade on Tuesday June 20. Indiabulls, India Cements, Manappuram Finance, Delta Corp, Zee Entertainment, Tata Chemicals, and L&T Finance Holdings were all banned. Moreover, Indiabulls has been restricted since June 6th. There may be ban periods on F&O contracts if the open interest on it exceeds 95% of the market wide positions limits and is only lifted if open interest falls below 80%. Bharat Heavy Electricals (BHEL) is no longer banned.
Eight stocks, including Indiabulls Housing Finance Company, IEX, and ZEEL are under F&O ban for trade on June 19. The ban is reversed only if the open interest falls below 80%. Meanwhile, the Nifty50 made gains and is expected to reach record highs in the first half of this week, while the BFSI space is participating in the move. Technical experts recommend adding bullish bets in the market. The global market will play a vital role in the next leg of the rally.
Seven stocks, including Indiabulls Housing Finance Company, Indian Energy Exchange, India Cements, Bharat Heavy Electricals, Manappuram Finance, Delta Corp and Zee Entertainment Enterprises, will be under F&O ban for trading on Thursday, June 15. The ban on any stocks F&O contracts enter into effect when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the OI falls below 80%. The banned stocks will be available for trading in the cash market. Meanwhile, Indian indices Sensex and Nifty50 registered their third successive gains.
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