Live Breaking News & Updates on Indiabulls Centrum Park|Page 6
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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. ....
Indiabulls Housing Finance has been placed under the futures and options (F&O) ban, but will still be available for trading in the cash market. The ban on a stock occurs when the open interest (OI) crosses 95% of the market-wide positions limits (MWPL) and is only lifted when the OI falls below 80%. Traders who deal with indices are not affected by security bans. Indiabulls Housing s MWPL stood at 97.2% on Friday, with OI at 59.5 million, up by 9.9% from the previous session. ....
But central Mumbai s Worli-Lower Parel corridor, once home to millhands at the now-mothballed factories of mid-19th century vintage, has lately emerged as the hotspot for the well-travelled global manager. And, new luxury projects, especially large gated communities such as Lodha World Towers, Raheja Vivarea, Indiabulls BLU Estate, Beau Monde and Planet Godrej, challenge the pecking order of plush addresses for expats, influential personalities and business leaders. ....
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. ....
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. ....