F&O Ban: Indiabulls Housing, Manappuram Finance under ban on Friday; India Cements exits

Indiabulls Housing Finance and Manappuram Finance are among the stocks in future and options (F&O) ban for trade. India Cements exited the ban after three sessions. The ban can be reinstated if the open interest (OI) surpasses 95% of the market-wide positions limit and ends once it falls below 80%. The two recently banned stocks will still be available in the cash market. The S&P BSE Sensex and Nifty50 broke their four-session gains. Technical analyst Rajesh Bhosale advised that prices may decrease to Rs. 18,500 if profits are further booked.