On January 24, 2024, NSE imposed a ban on F&O trading for five stocks.
Stocks affected: Balrampur Chini Mills, IRCTC, National Aluminium Company, Oracle Financial Services Software, RBL Bank.
Ban reason: Exceeded 95% of the market-wide position limit (MWPL) according to NSE.
Despite the ban, these stocks can still be traded in the cash market.
NSE updates F&O ban list daily to reflect changing market conditions.
Derivative contracts for these stocks crossed 95% of MWPL, leading to the ban.
Participants advised to trade in derivative contracts only to decrease positions.
Increase in open positions during the ban attracts penal and disciplinary action.
No initiation of fresh positions allowed during the F&O ban period.
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