11 Stocks are Under F&O Ban Today

20 Feb 2024 , 09:54 AM

The following companies have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade: Biocon (101.27%), Indus Towers (96.93%), National Aluminium Company (94.85%), Zee Entertainment (92.17%), Hindustan Copper (89.31%), Canara Bank (88.87%), Bandhan Bank (88.43%), India Cements (83.82%), Aditya Birla Fashion and Retail (80.70%), Ashok Leyland (80.43%) and SAIL (80.37%).

Since these stocks have over 95% of the market-wide position limit (MWPL), they are not allowed in the F&O sector. Only when the open interest drops below 80% does the ban get lifted.

The NSE updates the list of banned securities in the F&O segment daily, with the current ban attributed to derivative contracts crossing the 95% MWPL.

Due to their close proximity to the 95% MWPL, the following stocks could be added to the ban list: GNFC (94.70%), GMR Airports Infra (92.27%), RBL Bank (91.60%), PVR Inox (90.15%), Piramal Enterprises (89.18%), Vedanta (89.12%), Tata Chemicals (88.32%), PNB (87.11%), Aurobindo Pharma (85.94%), BHEL (82.49%), and NMDC (81.52%).

During yesterday’s trading session Nifty50 closed at an all-time high of 22122.25.

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