The Future & Options 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%.
Gainers & Losers: Motilal Oswal, SBI Life among 7 stocks in action on Friday
Indian benchmark indices declined for the second consecutive session, with the Sensex shedding nearly 600 points amid rising geopolitical tensions. Stocks like SBI Life and