July 12: Eight Stocks Put Under F&O Ban by NSE

12 Jul 2023 , 10:52 AM

The National Stock Exchange (NSE) imposed a ban on the trading of eight stocks under the Futures and Options (F&O) segment on Wednesday, July 12, 2023.

The securities have been included in the F&O ban list as they have exceeded 95% of the market-wide position limit (MWPL), as reported by the NSE. However, these stocks will still be available for trading in the cash market.

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

Currently, the derivative contracts of the mentioned stocks have surpassed the 95% MWPL and are placed in the ban period by the stock exchange, as stated by the NSE.

The NSE has issued a statement stating that all clients/members should only trade in the derivative contracts of the mentioned securities to reduce their positions through offsetting positions. Any increase in open positions will be subject to appropriate penal and disciplinary action, as mentioned by the NSE.

During the F&O ban period imposed by the stock exchanges, no fresh positions are allowed to be taken in any of the F&O contracts associated with the specific stocks.

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