F&O Ban Alert: 12 Stocks Restricted, ZEEL Exits

10 Jan 2024 , 11:21 AM

Twelve stocks, including Balrampur Chini, Bandhan Bank, Chambal Fertilizers, Delta Corp, Escorts Kubota, GNFC, Hindustan Copper, IEX, The India Cements, National Aluminium Company, Piramal Enterprises, and SAIL, were under the F&O ban on January 10.

Zee Entertainment Enterprises (ZEEL) is no longer on the F&O ban list. F&O contracts face a ban when the open interest (OI) surpasses 95% of market-wide positions limits (MWPL). The ban is lifted only if OI falls below 80%.

The NSE regularly updates the F&O ban list based on open interest levels.

During the ban, derivative contracts for the mentioned stocks are temporarily prohibited from trading. NSE warns against increasing open positions, permitting only offsetting with penalties.

While stocks are under the trading ban imposed by stock exchanges, no new positions are allowed in their F&O contracts.

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