Stocks Under F&O Ban on October 21, 2024

21 Oct 2024 , 10:20 AM

The National Stock Exchange (NSE) banned trading of 14 stocks in the Futures and Options (F&O) segment on October 21, 2024.

The ban was imposed as these stocks exceeded 95% of the Market-Wide Position Limit (MWPL). Despite the ban in the F&O segment, the affected stocks can still be traded in the cash market.

The 14 stocks on the F&O ban list include Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers & Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, India Energy Exchange, L&T Finance, National Aluminium Company (NALCO), PNB, SAIL, and Tata Chemicals.

The NSE updates its F&O ban list daily, based on MWPL. Once a stock crosses the 95% MWPL threshold, no new positions can be opened in the F&O segment until the stock exits the ban period.

Traders and members can only reduce their open positions during this ban period; failure to comply will result in penalties. The move aims to control excessive speculation and manage market risks effectively.