Four Stocks, Including Balrampur Chini Mills and BHEL, Face F&O Trade Ban on NSE

29 Nov 2023 , 11:00 AM

Four stocks, including Balrampur Chini Mills, BHEL, Granules India Limited, and Indiabulls Housing Finance, face trade bans in the F&O segment on November 29, 2023. NSE imposes the ban as these securities exceed 95% of the market-wide position limit (MWPL).

Despite the F&O ban, the stocks remain available for trading in the cash market. NSE regularly updates the list of securities under F&O trade bans.

Derivative contracts in these securities, crossing 95% of MWPL, lead to the current ban period.

NSE instructs all clients/members to trade in derivative contracts only for decreasing positions through offsetting.

Any increase in open positions will result in appropriate penal and disciplinary action. During the F&O ban period, stock exchanges prohibit the initiation of fresh positions for any F&O contracts related to the specified stocks.

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