F&O Ban: Delta Corp, India Cements among 8 stocks under ban on Monday

Eight stocks are under the F&O ban for trade on Monday, June 19, viz. Indiabulls Housing Finance Company, Indian Energy Exchange (IEX), The India Cements, Manappuram Finance, Delta Corp, Zee Entertainment Enterprises (ZEEL), Tata Chemicals and L&T Finance Holdings (L&TFH). Indiabulls has been under the ban since June 6. Bharat Heavy Electricals (BHEL) which was under the ban last week has come out of it.

The banned stocks will be available for trading in the cash market.

The future & options (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.

The MWPL for Indiabulls Housing stood at 83.9% on Friday with OI reported by Trendlyne at 49.2 million. It was flat from the previous session.

The MWPL for IEX stood at 81.1% with OI reported by Trendlyne at 44.1 million. It was flat from the previous session.

Meanwhile, the MWPL for The India Cements stood at 87.4% with OI reported by Trendlyne at 17.1 million. It was flat from the previous session.

MWPL for Manappuram stood at 84.9% with OI reported by Trendlyne at 57.5 million.

MWPL for Delta Corp stood at 94.8% with OI reported by Trendlyne at 17.6 million. It was down 2.7% from the previous session.

And for ZEEL, the MWPL stood at 86.7% with OI reported by Trendlyne at 83.3 million. It was up 0.6% from the previous session.

The MWPL for Tata Chemicals stood at 86.4% with OI reported by Trendlyne at 9 million.

Indian frontline indices S&P BSE Sensex and Nifty50 ended Friday with gains. While the Sensex closed at 63,384.58, up by 466.95 points or 0.74%, the broader Nifty50 settled at 18,826.10, higher by 137.90 points or 0.74%. Nifty Bank finished at 43,938.15, up by 494.55 points or 1.14%.

"It was certainly an action-packed week for our markets and by far, we have outperformed the US bourses in recent times. Amid the ambiguity, the Nifty is now knocking on the door of clocking fresh record highs and even reaching yet another milestone of 19,000. Considering a strong close above 18,800 and with recent laggard, BFSI space participating in the move on Friday, we will not be surprised to see this achievement in the first half of this week," Sameet Chavan, Head Research, Technical and Derivatives, at Angel One said.

"On the flipside, the base has shifted higher towards 18,600 – 18,550, before which 18,700 is to be considered as an immediate support. We continue to remain sanguine and would reiterate on using intra-week decline to add bullish bets in the market. Meanwhile, all eyes would be on the global market as they play a vital role in the next leg of the rally. Also, it’s important for high beta financial space to start showing its buoyant nature. If things fall in place as per the expectations, we are likely to have a merry run in the near term," Chavan said.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)