F&O Ban: BHEL, GNFC, Manappuram Finance, Canara Bank under ban for trade on Thursday

Bharat Heavy Electricals (BHEL), Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Manappuram Finance and Canara Bank are the four stocks being placed under F&O ban on Thursday, with contracts banned when open interest exceeds 95% of market-wide positions limits. The ban is only lifted when open interest falls below 80%. Although under F&O ban, the stocks will remain available for trading in the cash market and are said to be experiencing volatile trading within normal ranges.