Seven stocks are on the F&O trade ban list on Friday viz. Balrampur Chini, Biocon, Indus Towers, Piramal Enterprises (PEL), Steel Authority of India (SAIL), Tata Chemicals and Zee Entertainment Enterprises (ZEE). Hindustan Copper and RBL Bank are out of the ban while SAIL is the latest entrant on the ban list.The 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 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 Balrampur Chini stood at 85.5% on Thursday with OI reported by Trendlyne at 9.7 million. It…
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