F&O Ban updates
Major stocks such as BEML, Fortis Healthcare, Indiabulls Real Estate, Jaiprakash Associates, JSW Energy, Just Dial, have been included in the future and options (F&O) contracts ban for the trading session of August 22.
Generally, when the combined open interest in its derivative contracts crosses 95% of the market-wide position limit, a stock goes under the ban in F&O.
Once in ban period trade is allowed only to decrease positions, basically, no new contracts/fresh positions are allowed.
The normal trading in the stock resumes only after the aggregate open interest across exchanges comes down to 80% or below of the market-wide position limit.
Meanwhile, Major indices in the market ended near two-week closing low on Monday. Nifty closed at 9,754 level, down by 83 points while Sensex closed at 31,258 level, down by 265 points.