February 27: NSE Imposes Trade Ban on 5 Stocks in F&O Segment as MWPL Crosses 95%

27 Feb 2024 , 09:50 AM

On Tuesday, February 27, 2024, the National Stock Exchange (NSE) imposed trade bans on 5 stocks in the futures and options (F&O) segment, as they surpassed 95% of the market-wide position limit (MWPL). However, these securities remain available for trading in the cash market.

The stocks placed under the F&O ban list for February 27 include Aditya Birla Fashion and Retail, Balrampur Chini Mills, Canara Bank, SAIL, and ZEEL. NSE updates this ban list daily.

According to NSE, derivative contracts for these stocks exceeded the 95% MWPL threshold, leading to their inclusion in the ban period. Clients and members are advised to trade in derivative contracts only to reduce existing positions. Any increase in open positions will face appropriate penalties.

During the previous trading session, the benchmark Sensex declined by 352 points, primarily driven by profit-taking in IT, metal, and consumer durable shares amid global weakness.

The Sensex closed at 72,790.13 points, down by 0.48%, with 26 index constituents witnessing declines while four advanced. The broader Nifty also dropped by 0.41% to end at 22,122.05 points, with 37 stocks in the red.

In the broader market, BSE Midcap fell by 0.38%, and BSE Smallcap slipped by 0.06%. Among sectoral indices, BSE Metal registered the highest decline of 1.27%, followed by BSE Consumer Durables (down by 1.25%), BSE Teck (down by 1.13%), and BSE IT (down by 1.06%). However, BSE Utilities gained 1.41%, BSE Power rose by 1.01%, and Capital Goods increased by 0.84%.

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