The National Stock Exchange (NSE) has placed eight stocks under a ban for trading on Friday, September 22, 2023, in the futures and options (F&O) segment. This ban is due to these stocks exceeding 95% of the market-wide position limit (MWPL), as per NSE rules. However, the affected stocks will still be available for trading in the cash market.
The eight stocks under this ban include Indiabulls Housing Finance, Balrampur Chini Mills, Zee Entertainment Enterprises Ltd (ZEEL), BHEL, Delta Corp, Hindustan Copper, Manappuram Finance, and Punjab National Bank (PNB). NSE regularly updates the list of securities in the F&O ban for trading each day.
During the ban period, traders and investors can only decrease their existing positions in the derivative contracts of these securities; opening new positions is not permitted. Violating these rules may lead to penalties and disciplinary actions by the NSE.
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