Adversitement
Zee Entertainment Enterprises Under F&O Trade Ban; Stock Exchanges to Hold Special Session
Published On : 2024-03-02T10:41:13+0530 [ IST ] |
Author : Mayur_Tembhare
Home
Zee Entertainment Enterprises
India :
Zee Entertainment Enterprises has entered the F&O trade ban as the open interest on its contracts crossed 95% of the market-wide positions limits. The ban will be lifted only if the open interest falls below 80%.
Meanwhile, stock exchanges BSE and NSE have decided to keep the market open despite the weekend holiday to assess the system's preparedness. This special session, part of the Business Continuity Plan and Disaster Recovery Site framework, will involve intraday switchover to the Disaster Recovery site.
On Friday, Zee shares closed at Rs 156 on the NSE, marking the third successive loss for the stock. Its 1-year losses have now exceeded 20%, following the termination of its deal with Sony.
Indian benchmark indices started the March series on a positive note, hitting fresh lifetime highs driven by banks, auto, and metal stocks. Nifty reached a lifetime high of 22,353.30 before closing at 22,338.75, up 1.62%, while the S&P BSE Sensex gained 1,245 points or 1.72% to close at 73,745.35. The Sensex also achieved a fresh record high of 73819.21.
Source : Economic Times
Tags : BSE , Sensex , Disaster Recovery Site , open interest , market-wide positions limits , F&O trade ban , NSE , Zee Entertainment Enterprises , special session , Nifty , Business Continuity Plan , Indian benchmark indices ,
Summary : Zee Entertainment Enterprises enters F&O trade ban as open interest crosses 95% of market-wide positions limits. Stock exchanges BSE and NSE to hold special session to assess system's preparedness. Indian benchmark indices hit fresh lifetime highs.
Adversitement