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April 16: NSE Bans Trading on Eleven Stocks in F&O Segment

16 Apr 2024 , 11:06 AM

On April 16, 2024, the National Stock Exchange (NSE) imposed a ban on trading eleven stocks in the futures and options (F&O) segment. These stocks exceeded 95% of the market-wide position limit (MWPL), triggering the ban, as per NSE regulations. Despite the ban in the F&O segment, the stocks remain available for trading in the cash market.

The banned stocks include Balrampur Chini Mills, Bandhan Bank, Exide Industries, GNFC, Hindustan Copper, India Cements, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, SAIL, and ZEEL.

The F&O ban list is updated daily by the NSE, and derivative contracts in these securities have surpassed the prescribed limit.

NSE emphasized that traders can only decrease their positions in these securities during the ban period and any increase in open positions will face penalties. Fresh positions in F&O contracts for the banned stocks are prohibited until the ban is lifted.

On the previous day, April 15, stock markets experienced significant declines, with the Sensex plummeting 845.12 points to a two-week low, and the Nifty falling 246.90 points.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Stocks under Ban
  • stocks under ban list today
  • Stocks under F&O ban
  • Stocks under F&O ban list
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RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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