Eleven Stocks Placed Under F&O Ban by NSE for Exceeding Market Limits

23 Jan 2024 , 10:19 AM

Eleven stocks are banned from trading in the futures and options (F&O) segment on Tuesday, January 23, 2024, by the National Stock Exchange (NSE).

The ban is imposed as these securities have crossed 95% of the market-wide position limit (MWPL) in the F&O segment, according to the NSE.

Aditya Birla Fashion and Retail, Balrampur Chini Mills, Delta Corp, IEX, IRCTC, National Aluminium Company, Oracle Financial Services Software, Polycab, RBL Bank, SAIL, and ZEEL are the specific stocks included in the F&O ban list for January 23.

While these stocks are restricted in the F&O segment, they remain available for trading in the cash market. The NSE updates the F&O ban list daily, reflecting changes in market-wide position limits for various securities.

The NSE emphasizes that clients/members can only trade in derivative contracts of the banned securities to decrease their positions through offsetting. Opening new positions is prohibited and may lead to penal and disciplinary action.

The ban period is initiated when derivative contracts in security exceed 95% of the market-wide position limit. The NSE issues a caution that any increase in open positions during the ban period will face appropriate penalties.
 

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