Stocks under F&O ban on August 2, 2024

2 Aug 2024 , 11:53 AM

On Friday, August 2, 2024, the National Stock Exchange (NSE) imposed a trading ban on six stocks in the futures and options (F&O) segment. This ban occurred because these stocks surpassed 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 NSE regularly updates the list of securities under the F&O ban for trading each day. The six stocks currently under the F&O trade ban are 

• Birlasoft, 
• Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), 
• Granules India, 
• India Cements, 
• Indiamart Intermesh, and 
• RBL Bank.

The derivative contracts for these securities crossed the 95% MWPL threshold, resulting in their inclusion in the ban period. During this period:

• Clients and members can only trade in the derivative contracts of the banned securities to decrease their positions through offsetting trades.
• Any increase in open positions will attract appropriate penal and disciplinary action.
• No new positions are allowed when the stock exchanges place F&O contracts for a particular stock under the ban period.