11 Stocks Restricted in NSE F&O Trading on Oct 16, 2023

16 Oct 2023 , 10:12 AM

On October 16, 2023, the National Stock Exchange (NSE) imposed a trade ban on eleven stocks in the futures and options (F&O) segment. The ban was due to these securities exceeding 95% of the market-wide position limit (MWPL), as per NSE regulations.

The affected stocks include Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, PNB, SAIL, and Sun TV. Despite the ban in the F&O segment, these stocks remain tradable in the cash market. The NSE routinely updates the list of securities under the F&O ban.

Derivative contracts for the mentioned stocks have crossed the 95% MWPL threshold, leading to the ban enforced by the NSE. During this ban period, clients and members are only allowed to trade derivative contracts for these securities to reduce their existing positions.

Any increase in open positions during this ban period will result in appropriate penalties and disciplinary actions. Fresh positions are prohibited for F&O contracts related to the specified stocks during the ban period set by the stock exchanges.

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