July 17: NSE Bans Trading of Six Stocks in F&O Segment

17 Jul 2023 , 11:14 AM

The National Stock Exchange (NSE) has imposed a ban on the trading of six stocks in the futures and options (F&O) segment on Monday, July 17. 

Banned Securities: The stocks that are prohibited from F&O trading are Punjab National Bank (PNB), Hindustan Copper, Manappuram Finance, Delta Corp, RBL Bank, and Indiabulls Housing Finance.

Reason for Ban: These stocks have exceeded the market-wide position limit (MWPL) set by the exchanges, crossing the 95% threshold. The MWPL refers to the maximum number of contracts that can be opened at any given time. The ban is imposed per the regulatory requirements to ensure a fair and orderly market.

Ban Duration and Penalty: The ban will be lifted once the position falls below 80% of the MWPL. Traders are prohibited from buying or selling these securities in the F&O segment during the ban period. However, these securities will still be available for trading in the cash market.

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