F&O Securities in Ban for Trade: 16 July
The "F&O Ban” refers to a restriction imposed by stock exchanges on trading Futures and Options (F&O) contracts of certain stocks. This happens when the open interest of F&O contracts of a stock crosses 95% of the Market Wide Positions Limits (MWPL). The ban is lifted when the open interest drops below 80%.
The derivative contracts of the following securities have crossed 95% of the MWPL and are currently in the ban period:
| Symbol | Previous MWPL% | Current MWPL% |
|---|---|---|
| GLENMARK | 86.89 | 83.25 |
| RBLBANK | 80.96 | 80.44 |
| HINDCOPPER | 93.48 | 92.17 |
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