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The F&O contracts of any inventory enter the ban interval when the open curiosity (OI) on it crosses 95% of the market huge positions limits or MWPL. The ban is reversed provided that the open curiosity falls under 80%.
Merchants who commerce in indices don’t encounter a state of affairs of safety ban.
The MWPL of Hindustan Copper stood at 103% on Wednesday with OI reported by Trendlyne at 32.9 million. It was down by 7.5% from the earlier session.
Hindustan Copper shares ended at Rs 311.25 on the NSE on Wednesday, up by Rs 2.25 or 0.73% over Tuesday’s closing worth. The multibagger inventory has been in high type over the previous 12 months and has delivered a whopping 217% returns throughout this era. As compared, the headline index has given almost 30% returns in the identical interval. In FY2024 up to now, its returns have been over 14%.
The MWPL for SAIL stood at 103.9% on Wednesday with OI reported by Trendlyne at 165.6 million. It was down 2.8% from the earlier session.SAIL shares closed at Rs 148.30 on the NSE, up by Rs 0.45 or 0.30%. This inventory has delivered returns of 80% over the previous 1 yr and 19% in 2024, year-to-date.The MWPL for Zee stood at 98.4% on Wednesday with OI reported by Trendlyne at 145.6 million. It was up 3.9% from the earlier session.
Zee shares ended at Rs 153.60 on the NSE on Wednesday, gaining Rs 0.25 or 0.16%. This counter has seen its worth fall by almost 29% within the final 12 months. In 2024, the decline was extra pronounced after its take care of Sony fell off.
Indian benchmark indices ended Wednesday within the crimson sustaining a two-session shedding streak dragged by auto and FMCG shares. Whereas The S&P BSE Sensex settled at 73,876.82, decrease by 27.09 factors or 0.04%, the broader Nifty closed at 22,434.65, down by 18.65 factors or 0.08%.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)
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