Eight Stocks Face Trading Ban on NSE Due to Market Limits Exceedance

13 Dec 2023 , 11:42 AM

Eight stocks placed under trade ban on December 13, 2023, in NSE’s futures and options (F&O) segment. Ban imposed as securities exceeded 95% of the market-wide position limit (MWPL) in the F&O segment, as per NSE.

Stocks affected: India Cements, Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, Hindustan Copper, National Aluminium Company Ltd, SAIL, and ZEEL.

These stocks remain tradable in the cash market. NSE updates the F&O ban list daily.

Derivative contracts in these securities surpassed 95% of MWPL, leading to the ban, as stated by NSE.

NSE instructs clients/members to trade in derivative contracts of the mentioned securities only to reduce positions; any increase may result in penalties.

No new positions allowed in F&O contracts for the banned stocks during the ban period imposed by stock exchanges.