November 28: NSE Imposes Trade Ban on Seven Stocks

28 Nov 2023 , 10:19 AM

Seven stocks have been placed under a trade ban on Tuesday, November 28, 2023, in the futures and options (F&O) segment by the National Stock Exchange (NSE). The ban is a result of these securities crossing 95% of the market-wide position limit (MWPL), as reported by the NSE.

The affected stocks are Balrampur Chini Mills, BHEL, Granules India Limited, Hindustan Copper, Hindustan Petroleum Corp Ltd (HPCL), Indiabulls Housing Finance, and ZEEL.

Despite the ban in the F&O segment, these stocks will still be available for trading in the cash market.

The NSE updates the F&O ban list daily, and it includes stocks whose derivative contracts have surpassed 95% of the MWPL.

The NSE emphasizes that clients/members can only trade in derivative contracts of the mentioned securities to decrease their positions through offsetting. Any increase in open positions will result in appropriate penal and disciplinary action. During the F&O ban period, no fresh positions are allowed for any of the derivative contracts related to the specified stocks as per the stock exchange regulations.

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