NSE Bans SAIL and ZEEL Stocks in F&O Segment Over Market Position Limit

1 Feb 2024 , 09:58 AM

Two stocks are placed under the trade ban on Thursday, February 01, 2024, in the futures and options (F&O) segment by the National Stock Exchange (NSE). The ban is imposed as these securities crossed 95% of the market-wide position limit (MWPL), as reported by the NSE.

Despite the ban in the F&O segment, the stocks, namely SAIL and ZEEL, remain available for trading in the cash market. The NSE updates the F&O ban list for trade on a daily basis. The ban is a result of derivative contracts in the mentioned securities surpassing 95% of the market-wide position limit, leading to the imposition of the ban by the stock exchange.

NSE emphasizes that clients/members should only trade in the derivative contracts of the affected securities to reduce their positions through offsetting. Any increase in open positions will face penal and disciplinary action.

During the F&O ban period, no fresh positions are permitted for any F&O contracts related to the specified stocks as per stock exchange regulations.

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