Nine Stocks Placed Under F&O Ban by NSE on September 14, 2023

14 Sep 2023 , 10:54 AM

On September 14, 2023, nine stocks were placed under a trade ban in the futures and options (F&O) segment by the National Stock Exchange (NSE) due to exceeding 95% of the market-wide position limit (MWPL). The ban on these securities applies only to the F&O segment, and they will still be available for trading in the cash market.

The stocks put under the F&O ban list by the NSE for the day include Steel Authority of India (SAIL), India Energy Exchange (IEX), Manappuram Finance, India Cements, Delta Corp, National Aluminium Company, REC Ltd, Hindustan Copper, and Indiabulls Housing Finance.

The NSE regularly updates the list of securities under the F&O ban for each trading day. These securities’ derivative contracts have surpassed the 95% MWPL threshold, leading to their placement in the F&O ban period as determined by the stock exchange.

Any increase in open positions will result in appropriate penal and disciplinary actions. During the F&O ban period, no new positions are allowed to be initiated in any of the F&O contracts related to the affected stocks as per the regulations set by the stock exchanges.

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