Indian benchmark indices ended lower on September 27, with the Nifty slipping below 26,200. The BSE Midcap and Smallcap indices remained relatively flat. The top losers on the Nifty included Power Grid Corp, Bharti Airtel, HDFC Bank, ICICI Bank, and Hero MotoCorp, while BPCL, Cipla, Sun Pharma, Coal India, and Bajaj Finserv were among the top gainers. Sector-wise performance was mixed, with auto, metal, IT, pharma, and oil & gas sectors rising by 0.5-1%, while realty, banking, media, FMCG, and telecom sectors declined by 0.5-1%. The Sensex closed 264.27 points or 0.31% lower at 85,571.85, and the Nifty declined 37.00 points or 0.14% to 26,179.00.
Currently, no stocks are under the Futures and Options (F&O) ban period as their open interest (OI) remains below the market-wide position limits (MWPL). A stock enters the ban period when its OI surpasses 95% of the MWPL and is only lifted when it falls below 80%.
Possible Entrants to the Ban Period
Some stocks are nearing the MWPL limits and could enter the ban period if their open interest continues to rise:
- Bandhan Bank: The MWPL has risen from 79.15% to 89.73%.
- Birlasoft (BSOFT): Currently at 83.51%, up from 55.55%.
- Hindustan Copper: Its MWPL stands at 90.16%, a significant increase from 69.51%.
- RBL Bank: The stock’s MWPL is at 91.72%, up from 84.91%.
While these stocks are not yet under restriction, their increasing open interest may lead them to the ban list soon if the trend continues.
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