CosmicTaco

F&O Ban on Balrampur Chini and Hindustan Copper

CosmicTaco · 2024-09-03T10:09:55.377419+05:30

- **Balrampur Chini** and **Hindustan Copper** are under F&O trade ban on Tuesday due to exceeding 95% of the market-wide position limit (MWPL). - The ban is lifted only if open interest (OI) falls below 80%. Balrampur Chini's MWPL was 114.6% on Monday, with OI at 10.4 million. - Hindustan Copper's MWPL was 104.2% on Monday, with OI at 40.8 million. Both stocks are trading above their 50-day and 200-day SMAs. - **Nifty 50** index closed 0.17% higher at 25,278.70, marking its 13th consecutive day of gains, a new record. - **Sensex** also closed higher by 0.24% at 82,559.84, continuing its upward trend.

Balrampur Chini and Hindustan Copper are under F&O trade ban on Tuesday due to exceeding 95% of the market-wide position limit (MWPL).
The ban is lifted only if open interest (OI) falls below 80%. Balrampur Chini's MWPL was 114.6% on Monday, with OI at 10.4 million.
Hindustan Copper's MWPL was 104.2% on Monday, with OI at 40.8 million. Both stocks are trading above their 50-day and 200-day SMAs.
Nifty 50 index closed 0.17% higher at 25,278.70, marking its 13th consecutive day of gains, a new record.
Sensex also closed higher by 0.24% at 82,559.84, continuing its upward trend.