Stocks Under F&O Ban on September 26, 2024

26 Sep 2024 , 10:29 AM

The National Stock Exchange (NSE) has imposed a futures and options (F&O) trading ban on 5 stocks effective Monday, September 26.

This ban was triggered as these stocks surpassed 95% of their market-wide position limit (MWPL). The stocks under F&O ban remain tradable in the cash market despite the restriction.

Five key stocks, including Aditya Birla Fashion and Retail, Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange, are under F&O ban on Thursday.

The NSE updates its F&O ban list daily to reflect stocks that exceed the MWPL limit. Stocks exceeding 95% of their MWPL trigger the exchange’s ban, restricting further positions.

During the ban, traders can only reduce positions by offsetting existing contracts; no new positions are allowed. Any increase in open positions during the ban can lead to penal or disciplinary actions by the NSE. The F&O ban is a regulatory measure aimed at ensuring market stability and curbing excessive speculation in affected stocks.