12 Stocks Face Ban in NSE F&O Trading on February 12, 2024

21 Mar 2024 , 05:48 PM

On Monday, February 12, 2024, the National Stock Exchange (NSE) imposed a ban on trading 12 stocks in the futures and options (F&O) segment. The decision to ban these securities was based on them exceeding 95% of the market-wide position limit (MWPL), as reported by the NSE.

The affected stocks include Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, PNB, SAIL, UPL, and ZEEL. Despite the ban in the F&O segment, these stocks remain available for trading in the cash market.

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.

Traders and clients are advised by the NSE to engage in derivative contracts only to reduce their positions through offsetting positions during the ban period. Any increase in open positions during the ban period may result in appropriate penal and disciplinary action.

During the volatile trading session on Friday, the Sensex closed higher by 167 points, driven by buying in ICICI Bank, State Bank of India, and Reliance Industries.

The 30-share BSE Sensex settled at 71,595.49, rising by 0.23%, hitting a high of 71,676.49 and a low of 71,200.31 during the day. The broader Nifty also experienced gains, rising by 0.30% or 64.55 points to reach 21,782.50, with 27 of its shares closing in the green and 23 in the red.

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