February 13: 13 Stocks Placed Under F&O Ban by NSE as Market Limits Cross 95%

13 Feb 2024 , 09:46 AM

On Tuesday, February 13, 2024, the National Stock Exchange (NSE) imposed a trading ban on 13 stocks in the futures and options (F&O) segment as they crossed 95% of the market-wide position limit (MWPL).

Aditya Birla Fashion and Retail Limited (ABFRL), Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, PNB, SAIL, and ZEEL are the specific stocks under the F&O ban list for February 13.

Despite the F&O ban, these stocks will still be available for trading in the cash market. The NSE updates the list of securities under the F&O ban daily based on market conditions.

The derivative contracts for the mentioned securities have exceeded 95% of the MWPL, leading to the imposition of the ban by the NSE.

Trading in the derivative contracts of the banned securities is permitted only for reducing positions through offsetting. Any increase in open positions will result in penal and disciplinary action, as stated by the NSE. During the ban period, no fresh positions are allowed for any F&O contracts related to the specified stocks.

On Monday, the benchmark Sensex dropped by 523 points, or 0.73%, due to profit-taking in metal and banking shares amid mixed global market trends. The 30-share BSE Sensex settled at 71,072.49, with 22 components closing in the red and eight in the green.

The NSE Nifty also closed 166.45 points, or 0.76%, lower at 21,616.05, with 34 constituents ending in the red. Selling pressure affected metal, banking, and select oil shares, while pharma and IT shares showed resilience. The BSE smallcap index fell by 3.16%, midcap lost 2.62%, and largecap closed 0.90% lower.

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