Stocks Under F&O Ban On September 12, 2024

12 Sep 2024 , 10:21 AM

NSE has banned trading in the futures and options (F&O) segment for seven stocks on Thursday, September 10, after they exceeded 95% of the market-wide position limit (MWPL).

The affected stocks include Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Hindustan Copper, and RBL Bank.

These stocks will still be available for trading in the cash market despite the F&O ban. Biocon has been removed from the F&O ban list. NSE updates the list of banned securities in the F&O segment daily. Securities placed under the ban have surpassed 95% of MWPL, triggering the stock exchange’s ban period.

Traders are allowed only to reduce their positions in the derivative contracts of these stocks. Any new positions will result in penalties or disciplinary action. New positions in F&O contracts of these stocks are not permitted while they remain under the ban period.