7 Dec 2023 , 09:23 AM
On December 7, 2023, the National Stock Exchange (NSE) imposed a trade ban on five stocks in the futures and options (F&O) segment. The ban was applied because these stocks surpassed 95% of the market-wide position limit (MWPL), as per the NSE regulations.
The affected stocks are Delta Corp, Indiabulls Housing Finance, India Cements, SAIL, and ZEEL. Despite the F&O ban, these stocks remain available for trading in the cash market.
The NSE regularly updates the list of securities under the F&O ban on a daily basis. According to the NSE, derivative contracts for the mentioned stocks have exceeded 95% of the MWPL, leading to the imposition of the ban.
During the F&O ban period, stock exchanges prohibit the initiation of fresh positions for any F&O contracts related to the specified stocks.
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