Stocks under F&O ban today, 24 May, 2024

24 May 2024 , 09:49 AM

Eleven stocks are banned from trading in the futures and options (F&O) segment by the National Stock Exchange (NSE) on Friday, May 24, 2024. These stocks exceeded 95% of the market-wide position limit (MWPL), triggering the ban under the F&O segment. Despite the ban in the F&O segment, these stocks remain tradable in the cash market.

The stocks under F&O ban are:

•   Aditya Birla Capital
•   Balrampur Chini Mills
•   Bandhan Bank
•   Hindustan Copper
•   IEX (Indian Energy Exchange)
•   India Cements
•   Metropolis Healthcare
•   National Aluminium (NALCO)
•   Piramal Enterprises
•   Punjab National Bank (PNB)
•   Zee Entertainment Enterprises Ltd. (ZEEL)

The NSE regularly updates the list of securities under the F&O ban. The derivative contracts for these stocks surpassed 95% of the MWPL, resulting in their inclusion in the ban period by the exchange.

According to the NSE, traders can only reduce their positions through offsetting trades while the ban is in effect. Any attempt to increase open positions in these securities during the ban period will attract penalties and disciplinary actions. Fresh positions are prohibited when a stock’s F&O contracts are placed under the ban period.

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