The 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%.
The MWPL for BHEL stood at 80.3% on Monday with OI reported by Trendlyne at 66.3 million. It was down 8.7% from the previous session. For Escorts Kubota, the MWPL stood at 95.1% on Monday with OI reported by Trendlyne at 1.1 million. It was down 10.1% from the previous session.
Indian frontline indices S&P BSE Sensex and Nifty50 ended down on Friday amid broad-based selling including profit booking seen in banks, auto, IT and FMCG stocks. The S&P BSE Sensex ended at 64,886.51, down 365.83 points or 0.56% while the broader Nifty50 settled at 19,265.80, lower by 120.90 points or 0.62%. The banking gauge Nifty Bank finished 264.75 points or 0.59% lower at 44,231.45.
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%.
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%.