Stocks Under F&O Ban On October 15, 2024

15 Oct 2024 , 10:57 AM

The National Stock Exchange (NSE) placed twelve stocks under the Futures and Options (F&O) trade ban for Monday, October 15, 2024, as these stocks exceeded 95% of the market-wide position limit (MWPL).

The twelve stocks under the F&O ban include:

• Chambal Fertilizers & Chemicals
• Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
• Granules India
• Hindustan Copper
• IDFC First Bank
• Indian Energy Exchange (IEX)
• Manappuram Finance
• National Aluminium Company (NALCO)
• Punjab National Bank (PNB)
• RBL Bank
• Steel Authority of India (SAIL)
• Tata Chemicals

Trading in F&O contracts is restricted for these stocks, meaning no new positions can be opened. However, existing positions may still be squared off. Cash market trading is not affected, and these stocks can still be traded normally in the cash segment.

Increasing open positions in these stocks during the ban could result in penal or disciplinary action by the NSE. The F&O ban will remain in place until the open interest for these stocks falls below 80% of the MWPL, after which normal trading in F&O contracts can resume.