August 3: NSE Imposes Ban on 4 Stocks in F&O Segment for Exceeding Position Limit

3 Aug 2023 , 09:07 AM

Four stocks were placed under a trade ban for Thursday, August 3, 2023, in the futures and options (F&O) segment by the National Stock Exchange (NSE). Securities were banned as they exceeded 95% of the market-wide position limit (MWPL), as per NSE regulations.

Affected stocks are Piramal Enterprises, Hindustan Copper, Indiabulls Housing Finance, and Gujarat Narmada Valley Fertilizers And Chemicals Limited.

NSE updates the list of securities under the F&O ban daily. Derivative contracts of these stocks crossed 95% MWPL, leading to the ban, according to NSE.

Stocks will still be available for trading in the cash market. Any attempt to increase open positions during the ban period may result in penal and disciplinary action, warns NSE.

No fresh positions are allowed in the F&O contracts of the banned stocks. Ban aims to prevent excessive speculation and market manipulation. Market participants should adhere to NSE guidelines to maintain market integrity and stability.

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