On Wednesday, May 15, 2024, the National Stock Exchange (NSE) has banned nine stocks from trading in the futures and options (F&O) segment.
The ban was implemented because these stocks surpassed 95% of the market-wide position limit (MWPL), according to NSE guidelines. Despite the ban in the F&O segment, these stocks can still be traded in the cash market.
The specific stocks included in the F&O ban list are:
The NSE provides daily updates on the list of securities under the F&O ban. When securities exceed 95% of the MWPL, their derivative contracts are placed under a ban period by the NSE.
According to the NSE’s statement, traders can only reduce their positions in these derivative contracts through offsetting trades during the ban. Any attempt to increase open positions in these stocks will lead to penal and disciplinary measures. While under the F&O ban, no new positions can be established in the derivatives contracts of these stocks.
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