NSE Bans Trading In 11 Stocks Under F&O Segment On August 24

24 Aug 2023 , 10:15 AM

The National Stock Exchange (NSE) placed a trading ban over 11 equities in the futures and options (F&O) sector on August 24, 2023. The NSE took this step because these equities exceeded 95% of the market-wide position limit (MWPL).

While the affected equities are no longer available for F&O trading, they are still eligible for cash trading.

The eleven stocks on the stock exchange’s F&O ban list for Thursday are BHEL, Delta Corp Ltd, Escorts, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), Indiabulls Housing Finance Ltd, Metropolis Healthcare Ltd, India Cements Ltd, Hindustan Copper Ltd, Manappuram Finance Ltd, Punjab National Bank, and Sun TV.

The NSE updates this list daily, limiting derivative contracts for equities that fall below 95% of the MWPL. The creation of new positions during this time period may result in penalties and disciplinary measures. During the F&O ban period, no new positions in any F&O contracts connected to the impacted stocks can be opened.

For feedback and suggestions, write to us at [e-mail]