Stocks Under F&O Ban On October 1, 2024

1 Oct 2024 , 10:37 AM

The National Stock Exchange (NSE) has imposed a futures and options (F&O) trading ban on 4 stocks effective Tuesday, October 1. This ban was triggered as these stocks surpassed 95% of their market-wide position limit (MWPL). The stocks under F&O ban remain tradable in the cash market despite the restriction. Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, and RBL Bank are the four stocks on the NSE’s F&O ban list on Tuesday, October 1. The NSE updates its F&O ban list daily to reflect stocks that exceed the MWPL limit. Stocks exceeding 95% of their MWPL trigger the exchange’s ban, restricting further positions. During the ban, traders can only reduce positions by offsetting existing contracts; no new positions are allowed. Any increase in open positions during the ban can lead to penal or disciplinary actions by the NSE. The F&O ban is a regulatory measure aimed at ensuring market stability and curbing excessive speculation in affected stocks.