Stocks Under F&O Ban on October 10, 2024

10 Oct 2024 , 10:48 AM

On Thursday, October 10, 2024, the National Stock Exchange (NSE) imposed a ban on trading in the futures and options (F&O) segment for eleven stocks after they crossed 95% of the market-wide position limit (MWPL).

These stocks remain available for trading in the cash market, despite the F&O ban. The NSE updates the list of banned securities in the F&O segment daily based on their position limits.

The eleven stocks under the F&O ban on Thursday are:

• BirlaSoft
• Bandhan Bank
• Hindustan Copper
• RBL Bank
• Granules
• Manappuram
• PNB
• GNFC
• IDFC First Bank
• SAIL
• Tata Chemicals

The NSE explained that the derivative contracts in these stocks exceeded 95% of MWPL, triggering their inclusion in the ban list. Traders are advised to reduce their positions in the banned stocks through offsetting trades only.

Any attempt to increase positions in these stocks during the ban period will lead to penal and disciplinary actions. New positions cannot be taken during the ban period.