Stocks Under F&O Ban list Today, May 2nd, 2024

2 May 2024 , 09:28 AM

On Thursday, May 2, 2024, the National Stock Exchange (NSE) banned trading for two stocks under the futures and options (F&O) segment due to exceeding 95% of the market-wide position limit (MWPL). The banned stocks are Biocon and Vodafone Idea, while they remain available for trading in the cash market.

The ban was imposed as these securities exceeded 95% of the market-wide position limit (MWPL), as per NSE regulations. However, trading of these stocks is still permitted in the cash market.

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

Clients and members are instructed to only trade these derivative contracts to reduce their positions. Any increase in open positions will face penalties. No new positions are allowed for any F&O contracts of the banned stocks during the ban period.

The Bombay Stock Exchange (BSE) announced an increase in transaction charges for its popular options contracts based on the Sensex and Bankex indices from May 13.

BSE raised charges by 24% to 32% across various turnover slabs in response to a demand from the Securities and Exchange Board of India (SEBI) for a higher regulatory fee structure for options contracts, estimated at ₹165.00 Crore by BSE.

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