11 Stocks Barred from Trading in NSE's F&O Segment on August 21, 2023

21 Aug 2023 , 09:12 AM

The National Stock Exchange (NSE) has announced trade restrictions on 11 stocks for Monday, August 21, 2023, within its futures and options (F&O) segment The decision follows these stocks breaching the market-wide position limit (MWPL) of 95 %, as confirmed by the NSE. Despite the ban on F&O trading, the stocks will remain tradable in the cash market.

The list of affected stocks includes prominent names such as SAIL, Granules India Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd.

The NSE updates its F&O ban list daily, reflecting changes in market dynamics. The ban is due to the breach of 95 % MWPL in derivative contracts linked to these stocks. Any attempts to increase open positions will lead to penalties and disciplinary actions as per NSE regulations.

While under the F&O ban, no fresh positions are allowed for the specified F&O contracts of these stocks. This measure aims to curb speculative trading practices that could disrupt market stability.

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