NSE Bans Trading in Six Stocks as Derivatives Exceed Market Limit

6 Feb 2024 , 10:07 AM

On February 6, 2024, the National Stock Exchange (NSE) imposed a trade ban on six stocks under the futures and options (F&O) segment due to exceeding 95% of the market-wide position limit (MWPL).

The stocks affected by the F&O ban include Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, UPL, and ZEE Entertainment Enterprises.

Although these stocks are prohibited from trading in the futures and options segment, they remain available for trading in the cash market. The NSE updates the F&O ban list daily, and the ban is specifically applied to derivative contracts that have crossed the 95% MWPL.

During the F&O ban period, no fresh positions are permitted for any derivative contracts related to the affected stocks, as specified by the stock exchanges.

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