F&O Ban List: Zee under trade ban on Saturday
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Individuals trading in index do not encounter a situation of security ban.
For Zee, MWPL stood at 95.7% on Friday with OI reported by Trendlyne at 127.5 million. It was up 5.6% from the previous session.
Today, stock exchanges BSE and NSE have decided to keep the market open despite the weekend holiday as part of its strategy to assess the system’s preparation in the event of an unanticipated tragedy.
This is happening for the second time in the calendar year 2024 and today’s session will not be a mock trading session. The special session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories and would involve intraday switchover to the Disaster Recovery site.
On Friday Zee shares ended at Rs 156 on the NSE, down by Rs 4.95 or 3.08%. It was the third successive loss for the counter, which has been in news since the termination of its deal with Sony. Its 1-year losses have now jumped to more than 20%. Indian benchmark indices started the March series with a bang hitting fresh lifetime highs triggered by banks, auto and metal stocks. While Nifty hit a lifetime high of 22,353.30 before ending at 22,338.75, up by 355.95 points or 1.62%, the 30-stock S&P BSE Sensex finished with gains of 1,245 points or 1.72% at 73,745.35. Its fresh record high now stands at 73819.21. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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