National Stock Exchange (NSE) imposes a ban on trading in the futures and options (F&O) segment for nine stocks on November 23, 2023. The securities are restricted due to crossing 95% of the market-wide position limit (MWPL), as reported by NSE. However, trading in the cash market is still permitted.
The banned stocks include BHEL, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank, and ZEEL. NSE updates the F&O ban list daily, and the current ban is based on the derivative contracts exceeding the 95% MWPL.
Clients/members are instructed to engage in derivative contract trading only to decrease positions through offsetting. Any increase in open positions will face appropriate penal and disciplinary action, as stated by NSE. No fresh positions are allowed for the F&O contracts in the specified stocks during the ban period set by the stock exchanges.
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