NSE Bans Trading of Two Stocks in F&O Segment for Exceeding MWPL

1 Aug 2023 , 09:32 AM

The National Stock Exchange (NSE) imposed a ban on the trade of two stocks under the futures and options (F&O) segment on August 1, 2023. The ban was triggered as both stocks breached the market-wide position limit (MWPL) threshold of 95 %, as reported by the NSE.

Despite the F&O ban, Piramal Enterprises and Indiabulls Housing Finance will remain available for trading in the cash market. The NSE updates the list of securities under the F&O ban daily based on market-wide position limits.

The derivative contracts of the two stocks crossed the 95 % MWPL, leading to their inclusion in the ban period.

Any increase in open positions during the ban period may result in appropriate penal and disciplinary action, as stated by the NSE. No fresh positions can be initiated for F&O contracts in the banned stocks until the restriction is lifted.

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