F&O Ban: Indiabulls Housing, Manappuram, India Cements under ban on Wednesday

Three stocks, Indiabulls Housing Finance, Manappuram Finance, and India Cements, have been put under the Future & Options (F&O) ban for trade on June 7. The ban period occurs when open interest (OI) exceeds 95% of the market-wide position limit. For traders in indices, there is no such ban. Indian frontline indices have seen minor gains after a period of sideways movement. The Nifty50 is buoyed by a global easing of inflation and high optimism from key players, even after an underwhelming earning season. Upcoming monetary policy announcements suggest a potential rate cut.