F&O Ban: 15 stocks under trade Ban on Tuesday; NALCO exits

16 Jan 2024 , 12:33 PM

On Tuesday, January 16, fifteen stocks were added to the F&O ban list: Bandhan Bank, Bharat Heavy Electricals (BHEL), Chambal Fertilisers & Chemicals, Indus Towers, Biocon, Delta Corp, Escorts Kubota, Hindustan Copper, The India Cements, Metropolis Healthcare, Piramal Enterprises, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL).

On the other hand, the National Aluminium Company exited the ban.

F&O contracts for any stock enter the prohibition period when their open interest (OI) exceeds 95% of the market-wide position limitations, or MWPL. The prohibition is lifted only if the open interest falls below 80%.

Traders who trade indices do not face security bans.

The Indian benchmark indexes had a historic day, reaching new all-time highs and finishing with advances for the fifth straight session. The rise was headed by IT, banking, and pharmaceutical companies. While the S&P BSE Sensex climbed 73402.16 before finishing at 73,283.51, up 715.06 points or 0.99, the wider Nifty rose 22,115.55 before closing at 22,097.45, up 202.90 points or 0.93%.

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