21 Mar 2024 , 05:48 PM
Four stocks, including Balrampur Chini Mills, BHEL, Granules India Limited, and Indiabulls Housing Finance, face trade bans in the F&O segment on November 29, 2023. NSE imposes the ban as these securities exceed 95% of the market-wide position limit (MWPL).
Despite the F&O ban, the stocks remain available for trading in the cash market. NSE regularly updates the list of securities under F&O trade bans.
Derivative contracts in these securities, crossing 95% of MWPL, lead to the current ban period.
NSE instructs all clients/members to trade in derivative contracts only for decreasing positions through offsetting.
Any increase in open positions will result in appropriate penal and disciplinary action. During the F&O ban period, stock exchanges prohibit the initiation of fresh positions for any F&O contracts related to the specified stocks.
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