Nine stocks including Indiabulls Housing Finance, IEX, and BHEL are under the F&O ban for trade on Friday, with Tata Chemicals and L&TFH being the latest to enter the list. The ban on these stocks is due to their open interest crossing the market-wide positions limit. They can still be traded in the cash market. The Sensex and Nifty50 both closed with declines on Thursday, ending a three-session gaining streak. Analysts say the bullish sentiments could be dampened if there is any further sell-off.
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.
Six stocks, including Indiabulls Housing Finance, Indian Energy Exchange, The India Cements, Bharat Heavy Electricals, Manappuram Finance, and Delta Corp, were put under the F&O ban on Wednesday. Their contracts enter the ban zone when the open interest reaches 95% of the market-wide positions limit. Although banned for F&O trade, the shares will be available for trading in the cash market. Traders in indices aren t affected by security bans. Indian equities started positively on Tuesday with Nifty hovering near the upper band of consolidation, awaiting a positive trigger for a breakout.
NEW DELHI, Nov 1: The domestic housing finance sector is now witnessing robust demand after the pandemic and the country’s fourth largest player, PNB Housing Finance, expects a strong growth of 40 per cent in disbursals this fiscal year, the company chief said. During the COVID pandemic, housing shortage in the country increased because of mobility issues, but after that the demand kept quite well, Girish Kousgi, Managing Director and Chief Executive Officer PNB Housing Finance said. “If you look […]