NSE Bans Trading in 12 Stocks Under F&O Segment on August 23

23 Aug 2023 , 09:19 AM

On August 23, 2023, the National Stock Exchange (NSE) imposed a trading ban on 12 stocks in the futures and options (F&O) segment. This action is taken because these stocks crossed 95 % of the market-wide position limit (MWPL), as stated by the NSE.

While the affected stocks are prohibited from F&O trading, they are still available for trading in the cash market. The 12 stocks under the F&O ban include well-known names like SAIL, BHEL, Escorts Kubota, Metropolis Healthcare Ltd, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd.

The NSE updates this list daily, restricting derivative contracts for stocks that breach the 95 % MWPL. Opening new positions during this period can result in penalties and disciplinary actions. During the F&O ban period, no fresh positions can be initiated in any F&O contracts related to the affected stocks.

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