July 11: Seven Stocks Put Under Ban for Trading in F&O Segment by NSE

11 Jul 2023 , 10:37 AM

The National Stock Exchange (NSE) has imposed a ban on the trade of seven stocks in the futures and options (F&O) segment for Tuesday, July 11, 2023. These securities have been placed on the ban list as they have exceeded 95 percent of the market-wide position limit (MWPL), according to the NSE. However, these stocks will still be available for trading in the cash market.

The stocks that are currently under the F&O ban list by the NSE for Monday include Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granules India, India Cements, Indiabulls Housing Finance, Punjab National Bank, and Zee Entertainment Enterprises Ltd. 

The NSE updates this list of securities under the F&O ban on a daily basis. The derivative contracts for these mentioned stocks have surpassed 95 % of the market-wide position limit, leading to the imposition of the ban period by the stock exchange, as stated by the NSE.

The NSE has also issued a notice stating, ‘It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action.’

During the F&O ban period imposed by the stock exchanges, no fresh positions can be initiated for any F&O contracts associated with the specified stocks. Traders and investors are advised to adhere to these restrictions to avoid penalties and disciplinary actions.

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