Stocks Under F&O Ban On September 20, 2024

20 Sep 2024 , 10:58 AM

On Friday, September 20, the National Stock Exchange (NSE) banned twelve stocks from trading in the Futures and Options (F&O) segment.

This action was taken because these stocks exceeded 95% of the Market-Wide Position Limit (MWPL). Despite the ban in the F&O segment, these stocks remain available for trading in the cash market.

The banned stocks include Aarti Industries, Biocon, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, LIC Housing Finance, National Aluminium, Oracle Financial Services Software, PNB, RBL Bank, and SAIL.

NSE updates the list of F&O banned stocks daily based on their MWPL status. The exchange stated that derivative contracts of these securities have crossed 95% of the MWPL and are now in the ban period.

During this ban, members and clients are only allowed to reduce positions through offsetting trades. Any new open positions or increases in existing positions will result in penalties and disciplinary action.

No fresh F&O positions can be initiated on these stocks while they remain in the ban period as per NSE guidelines. Investors must adhere to the rules to avoid penalties while trading in these stocks.