March 27: NSE Bans SAIL Stock in F&O Segment

27 Mar 2024 , 10:30 AM

On Wednesday, March 27, 2024, the National Stock Exchange (NSE) banned one stock from trading under the futures and options (F&O) segment due to it surpassing 95% of the market-wide position limit (MWPL).

Despite being banned under the F&O segment, the stock remains available for trading in the cash market.

The only stock placed on the F&O ban list for March 27 is SAIL. The NSE updates its F&O ban list daily based on securities that exceed 95% of the MWPL.

During Tuesday’s trading session, the BSE Sensex dropped by 361 points, ending a three-day gaining streak, primarily due to selling pressure in Reliance Industries, HDFC Bank, and IT shares, influenced by mixed global trends.

BSE Sensex settled at 72,470.30, declining by 361.64 points or 0.50%. It had fallen by 468.91 points during the day. Nifty of NSE declined by 92.05 points or 0.42% to 22,004.70, with 30 constituents declining and 20 advancing.

In the broader market, the BSE smallcap index declined by 0.11%, while the midcap index climbed by 0.71%.

Sector-wise, teck fell by 0.83%, IT dipped by 0.57%, bankex by 0.51%, and financial services by 0.26%. Conversely, services jumped 1.48%, realty climbed 1.45%, industrials rose by 0.95%, and oil & gas gained 0.84%.

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