February 9: NSE Bans Trading in 12 Stocks as Market Limits Exceed

9 Feb 2024 , 10:14 AM

F&O Ban List on February 9 includes twelve stocks: Ashok Leyland, Aurobindo Pharma, Balrampur Chini, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company (NALCO), Punjab National Bank (PNB), Steel Authority of India (SAIL), and UPL.

Zee Entertainment Enterprises (ZEEL) is no longer on the F&O ban list.

F&O contracts enter a ban period when the open interest (OI) crosses 95% of the market-wide position limits (MWPL). The ban is lifted only if the open interest falls below 80%.

Despite the F&O ban, these stocks remain available for trading in the cash market. The NSE updates the F&O ban list daily based on market-wide position limits. Derivative contracts for the mentioned securities, exceeding 95% of MWPL, are currently under the ban period, as per the NSE.

Traders and members are advised to decrease their positions through offsetting positions, and any increase in open positions will face penal and disciplinary action. Indian headline indices experienced losses on Thursday, influenced by declines in interest-sensitive sectors such as banking, auto, and realty following the RBI MPC. Nifty closed at 21,717.95, down 212.55 points or 0.97%, while S&P BSE Sensex settled at 71,428.43, a decrease of 723.57 points or 1%.

For feedback and suggestions, write to us at [e-mail]