US Markets And F&O Stocks Ban Update

US markets remained mixed on Tuesday once retail stocks in US witnessed steep fall capping gains of the broader market indices.

 The Dow Jones industrial average rose simply 5.28 points to finish the day at 21,998.99. The S&P five hundred closed 0.05% lower at 2,464.61, with telecommunications insulation. The information system composite fell 0.1% to 6,333.01.

The SPDR S&P Retail ETF (XRT) fell a 2.7%, with shares of Advance automotive auto parts posting their worst day ever once posting weaker-than-expected earnings. The Empire State manufacturing index spiked to 25.2 in August from simply 9.8 in July. The benchmark 10-year yield rose to a pair of.26%.

Investors also breathed a sigh of relief after North Korean leader Kim Jong Un said he would wait for further action out of the US before making a decision surrounding a missile strike on Guam.

F&O Stocks Ban Update

Major stocks like Fortis Healthcare, IndiaBulls property, Jain Irrigation, JP Associates and HDIL are enclosed within the future and choices (F&O) contracts ban, however, DLF is force out from F&O ban for the commercialism session of August 16.

Generally, once the combined open interest in its derivative contracts crosses 95% of the market-wide position limit, a stock goes under the ban in F&O

Once in ban amount trade is allowed solely to decrease positions, basically, no new contracts/fresh positions square measure allowed.

The normal commercialism within the stock resumes solely once the combination open interest across exchanges comes right down to 80% or below of the market-wide position limit.

               

Meanwhile, Nifty ended at 9,794 level, up by 83 points whereas Sensex conjointly resulted in positive territory at 31,449 level, up by 235 points on Monday. On the broader markets, mad cow disease Mid-cap index closed at fifteen,092 level, up by 2.49% whereas mad cow disease small-capitalisation index closed at 15,409 level, up by 2.48%.