March 28: NSE Bans 2 Stocks in F&O Segment

28 Mar 2024 , 10:21 AM

On Thursday, March 28, 2024, the National Stock Exchange (NSE) banned trading for 2 stocks in the futures and options (F&O) segment.

The ban resulted from the stocks surpassing 95% of the market-wide position limit (MWPL), as stated by the NSE. Despite the ban in the F&O segment, both stocks remain available for trading in the cash market.

Hindustan Copper and ZEEL are the two stocks affected by the F&O ban on March 28, 2024.

The NSE updates its list of banned securities in the F&O segment daily, reflecting changes in market conditions.

NSE regulations mandate that clients and members can only trade in derivative contracts of banned securities to reduce their positions. Opening new positions is prohibited and subject to penalties.

The BSE Sensex surged by 526 points, closing at 72,996.31, with positive momentum driven by buying in banking, auto, and oil shares, supported by favorable macroeconomic data.

Nifty closed above the 22,100 level, rising by 118.95 points to 22,123.65, with 22 Nifty shares gaining and 27 declining.

In the broader market, the BSE smallcap index rose by 0.70%, while the midcap index saw a marginal increase of 0.01%.

Notable sectoral gainers included services (1.01%), capital goods (1%), consumer durables (0.98%), industrials (0.97%), and realty (0.93%). Lagging sectors included commodities, IT, utilities, metal, and teck.

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