April 19: NSE Bans Trading on Ten Stocks in F&O Segment

19 Apr 2024 , 10:34 AM

On Thursday, April 18, 2024, the National Stock Exchange (NSE) imposed a ban on trading ten stocks in the futures and options (F&O) segment. This action was taken as these securities surpassed 95% of the market-wide position limit (MWPL), as per NSE regulations. However, the banned stocks remain available for trading in the cash market.

The stocks placed under the F&O ban include Balrampur Chini Mills, Bandhan Bank, GNFC (Gujarat Narmada Valley Fertilizers Chemicals), Hindustan Copper, Vodafone Idea, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, SAIL, and ZEEL.

The NSE updates the list of securities under the F&O ban on a daily basis. Derivative contracts for these stocks have surpassed the 95% MWPL, resulting in their inclusion in the ban period.

NSE guidelines state that clients and members can only trade in derivative contracts of the mentioned securities to reduce their positions. Any increase in open positions during this period will result in appropriate penalties and disciplinary actions.

During the F&O ban period, no fresh positions are permitted for any F&O contracts associated with the affected stocks, as mandated by the stock exchanges.

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