Stocks Under F&O Ban on October 22, 2024

22 Oct 2024 , 10:08 AM

The National Stock Exchange imposed a trading ban on 16 stocks on Monday, October 22, 2024. These 16 stocks are banned because they have exceeded the 95% mark of the market-wide position limit.

Despite the ban, these stocks remain available for trading in the cash market. The NSE updates the list of securities under F&O restrictions daily. The 16 stocks included in the ban on October 22 are Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, India Energy Exchange, Indiamart Intermesh, L&T Finance, Manappuram Finance, Piramal Enterprises, PNB, RBL Bank, and SAIL.

The NSE explained that derivative contracts for these securities exceeded 95% of the MWPL, leading to their inclusion in the ban. According to the exchange, “All clients/members shall only reduce their positions through offsetting trades in these securities’ derivative contracts. Any increase in open positions will result in penalties and disciplinary actions.”

During the ban period, no new positions can be opened in F&O contracts for these stocks.