The banned stocks will be available for trading in the cash market.
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%.
Traders who trade in indices do not encounter a situation of security ban.
According to data available on Trendlyne, the MWPL for BHEL stood at 81.5% on Monday with OI reported by Trendlyne at 94.7 million. It was down 1.3% from the previous session.
BHEL shares ended at Rs 80.15 on Monday, down 0.15% from the previous closing price.
Meanwhile, the MWPL for GNFC stood at 106.6% on Monday with OI reported by Trendlyne at 7.6 million. It was up 4.8% from the previous session.GNFC shares settled 2.42% lower at Rs 635.70.
Meanwhile, the MWPL for Delta Corp stood at 80.7% on Monday with OI reported by Trendlyne at 36.4 million. It was down 2.6% from the previous session.
Delta Corp shares closed at Rs 224.60 and were up by Rs 6.90 or 3.17%.
Finally for PNB, the MWPL stood at 90.7% on Monday with OI reported by Trendlyne at 235.5 million. It was down 3.4% from the previous session.
PNB shares ended the session 0.21% lower at Rs 48.40 on the NSE.
Indian markets ended Monday in the green. While the S&P BSE Sensex ended at 62,345.71, up by 317 points or 0.51%, the broader Nifty50 settled at 18398.85, up by 84 points or 0.46%. In the 50-stock index, 35 advanced while 15 closed with declines. Banking gauge Nifty Bank fell just 0.10 points shy of hitting its all time high of 44,151.80 closing with a positive bias.
“Despite not so favourable global cues, our markets started the week marginally in the green. After the initial see-saw, the bulls earned the dominant position and then continued its northward move to even surpass the 18,450 mark on an intraday basis. However, with a modest profit booking towards the fag end, Nifty concluded the session around the 18,400 mark by pocketing nearly half a percent gains,” Sameet Chavan, Head Research, Technical and Derivatives at Angel One.
Towards the end, although some profit booking was witnessed, the structure remains strong, and the benchmark index is likely to challenge the next resistance of 18,500 quite soon, Chavan said.
On the flipside, 18,350 – 18,290 are to be considered as immediate supports, he said adding that any intraday decline towards this sacrosanct zone should ideally be considered as a buying opportunity. In addition, the banking index is on the verge of surpassing its previous record highs.
“We expect the rally to gather some momentum going ahead. Traders are advised to be with the trend and should focus on a stock centric approach,” the Angel One analyst said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)