Stocks Under F&O ban list today, April 30th, 2024

30 Apr 2024 , 10:21 AM

Two stocks were banned from trading on April 30, 2024, in the futures and options (F&O) segment by the National Stock Exchange (NSE) because they exceeded 95% of the market-wide position limit (MWPL).

Biocon and Vodafone Idea were the two stocks placed on the ban list by the NSE for April 30, but they remained available for trading in the cash market.

The NSE regularly updates the list of securities under the F&O ban. Clients and members are advised by the NSE to only trade in derivative contracts of the banned securities to reduce their positions. Any increase in open positions will face penalties. No new positions are permitted in the F&O contracts of the banned stocks during the ban period.

On the previous day, the BSE Sensex surged by 941 points, closing at 74,671.28, while the NSE Nifty closed above 22,600 levels, driven by buying in banking and infrastructure shares and a global market rally.

The BSE Sensex rose by 1.28%, gaining 941.12 points, with most shares closing positively. The NSE Nifty increased by 1%, rising by 223.45 points, with 32 advancing constituents and 18 declining. In the broader market, the BSE midcap index rose by 0.79%, and the smallcap index advanced by 0.07%.

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