November 22: NSE Bans 11 Stocks in F&O Trading Due to Market Limit Breach

22 Nov 2023 , 11:26 AM

The National Stock Exchange (NSE) imposed a trade ban on eleven stocks in the futures and options (F&O) segment on November 22, 2023. The ban resulted from these securities exceeding the 95% market-wide position limit (MWPL) set by NSE regulations.

Banned stocks include BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank, and ZEEL.

Despite the F&O ban, these stocks remain eligible for trading in the cash market. NSE routinely updates the list of securities under the F&O ban for trade.

The ban stems from derivative contracts of the mentioned securities crossing the 95% MWPL threshold. During the ban, NSE instructs clients/members to only use derivative contracts for reducing positions through offsetting positions.

Any increase in open positions during the ban period will result in appropriate penal and disciplinary action. No initiation of new positions is allowed for any F&O contracts related to the specified stocks during the ban period enforced by the stock exchanges.

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