Stocks Under F&O Ban on October 30, 2024

30 Oct 2024 , 10:31 AM

The National Stock Exchange (NSE) imposed a trading ban on six stocks in the futures and options (F&O) segment on October 30, due to surpassing 95% of the market-wide position limit (MWPL).

These stocks—IDFC First Bank, Indiamart Intermesh, L&T Finance, Manappuram Finance, Punjab National Bank, and RBL Bank—remain available for trading in the cash market. NSE regularly updates the F&O ban list daily, based on securities crossing the MWPL threshold.

According to NSE guidelines, derivative contracts in these stocks entered a restricted phase once they exceeded the 95% MWPL limit.

Investors are only permitted to reduce their current positions through offsetting trades; no fresh positions are allowed in the F&O contracts of these stocks during the ban.

The exchange warns that any increase in open positions during the restriction period will result in penal or disciplinary actions. This measure aims to maintain market stability by controlling excessive speculation within high-demand securities.