Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site.
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.
Hopes for lower interest rates and resilient growth in 2024 took the S&P 500 stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the banking industry and economic unease.
Euphoria Infotech India IPO opens today. The IPO closes on January 23, with a price band of Rs 96-100 per share. The company is offering 960,000 shares, and the shares were commanding a premium of Rs 40 in the grey market. The basis of allotment will be finalised on January 24, and the stock will be listed on January 29 on the BSE SME platform. The net proceeds from the IPO will be used for working capital and general corporate purposes.
The Future & Options 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%.