Stocks Under F&O Ban on September 13, 2024

13 Sep 2024 , 09:59 AM

The National Stock Exchange (NSE) placed eight stocks under a trading ban in the futures and options (F&O) segment on Friday, September 13, due to exceeding 95% of the market-wide position limit (MWPL).

These stocks remain available for trading in the cash market despite the F&O ban. The NSE regularly updates the list of securities under the F&O ban each day.

The eight stocks in the F&O ban list are Aarti Industries, Aditya Birla Fashion & Retail, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India, Hindustan Copper, and RBL Bank.

The NSE stated that the derivative contracts in these securities crossed 95% of the MWPL, leading to their inclusion in the ban period. During the ban period, clients and members can only reduce their positions through offsetting trades in the F&O contracts of these securities.

Any increase in open positions in these stocks will result in penalties and disciplinary action, as per the NSE’s guidelines. No new positions are allowed in stocks once they are placed in the F&O ban period by stock exchanges.