The futures and options (F&O) contracts for five stocks have entered the ban period for the trade date of November 13, 2024. The stocks under the F&O ban include ABFRL, Aarti Industries (AARTIIND), Granules (GRANULES), Hindustan Copper (HINDCOPPER), and Manappuram Finance (MANAPPURAM).
According to market regulations, a stock enters the F&O ban when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban will be lifted only if the OI falls below 80% of the MWPL.
The MWPL percentage changes for the banned stocks are as follows:
- AARTIIND: From 121.67% to 109.30%
- ABFRL: From 87.55% to 85.85%
- GRANULES: From 94.59% to 91.73%
- HINDCOPPER: From 95.65% to 89.53%
- MANAPPURAM: From 93.75% to 83.84%
In addition, Bandhan Bank (BANDHANBNK), Chambal Fertilizers (CHAMBLFERT), and SAIL (Steel Authority of India) are potential entrants to the ban list, while Manappuram Finance may soon exit as its OI has fallen below the 95% threshold.
For traders, it’s essential to be cautious with these securities as the F&O ban restricts opening fresh positions in these stocks.
