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The F&O 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%. Traders who trade in indexes do not encounter a situation of security ban.

"I am bullish on both Indian equities and the Indian bond market. Pharmaceuticals and healthcare is a sector where we are incrementally turning bullish. Consumption, especially in the lower end has not picked up satisfactorily yet and stocks have underperformed due to this. If this picks up then there could be interesting plays in FMCG, auto (2-wheelers), etc."

"Globally, we are in an environment characterised by unfavourable inflation dynamics, a slowing Chinese economy, persistently high geo-political risks, and higher climate costs. In contrast, India’s macroeconomic conditions are relatively healthier and are supportive of a broad-based recovery in corporate earnings. While flows from global institutional investors are subject to many conditions which are impossible to predict, the fundamental case for investing in India remains as compelling as ever."

“Housing causes the creation of the middle class and housing benefits immensely from the creation of the middle class. So this is the sector which will drive our economy for the next 15 years. I feel quite confident this is a very long cycle, unlike the typical cyclicality, which may be five, some people say five to seven years, some say 7-10 years, but whatever that may be.”

The overall market sentiment remains bullish on Thursday, and considering the current levels, traders are advised to initiate fresh long positions, Kunal Shah, LKP Securities said. A stop-loss can be set at 20,800, targeting potential upside levels of 21,400/21,500 in the near term, he adds.

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.

The company had on November 28 initiated a consent solicitation process to buy back bonds with a total value of $60 million issued by two special-purpose vehicles: Azure Power Solar Energy Pvt Ltd and Azure Power Energy Ltd, as reported by ET. The proposal looked to amend certain terms for the 2024 and 2026 notes. Azure Power Solar Energy, which had issued $350 million of 5.65% senior notes due in December 2024, had offered to repurchase $40 million of the paper by March 2024.

“All sectors, by and large, are doing well in India. I cannot think of a single sector which is not doing well. The pharma industry is seeing good growth. As far as the vehicle, the auto industry is doing well and therefore the tyre industry should do well and is doing alright as long as oil prices are in control. In the infrastructure sector, a lot of investment is taking place.”

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:​