Stocks Under F&O Ban on October 11, 2024

11 Oct 2024 , 10:39 AM

On October 11, 2024, the National Stock Exchange (NSE) imposed a trading ban on the futures and options (F&O) segment for 12 specific stocks. The ban was triggered when these stocks exceeded 95% of their market-wide position limit (MWPL).

Despite the F&O ban, these stocks remain available for trading in the cash market. NSE updates the list of securities banned in the F&O segment daily, depending on the MWPL thresholds.

The stocks affected by the F&O ban include: Bandhan Bank, Birlasoft, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL), and Thursday Chemicals.

The derivative contracts for these stocks surpassed 95% of MWPL, placing them on the banned list. Traders are advised to reduce their existing positions in these stocks via offsetting trades only.

Any attempt to create or increase positions in these stocks during the ban period will result in penalties and disciplinary actions. During the ban period, no new F&O positions can be taken in the affected stocks, ensuring compliance with NSE regulations.