Stocks Under F&O Ban on October 14, 2024

14 Oct 2024 , 10:03 AM

The National Stock Exchange (NSE) placed nine stocks under the futures and options (F&O) trade ban for Monday, October 14, 2024, as they surpassed 95% of the market-wide position limit (MWPL).

These stocks include Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, and Steel Authority of India (SAIL).

Although trading in F&O contracts is restricted, these stocks can still be traded in the cash market.

When a stock is placed under the F&O ban, no new positions are allowed, and only existing positions can be squared off. Any violation, such as increasing open positions, can lead to penal and disciplinary action by the NSE. The ban will remain in effect until open interest falls below 80% of the MWPL.