NSE Imposes F&O Ban on 13 Stocks, Crossed 95% MWPL on January 12, 2024

12 Jan 2024 , 10:07 AM

On January 12, 2024, the National Stock Exchange (NSE) imposed a ban on trading thirteen stocks in the futures and options (F&O) segment due to crossing 95% of the market-wide position limit (MWPL).

The banned stocks include Bandhan Bank, BHEL, Delta Corp, Escorts, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises Limited, Polycab, PVR INOX, SAIL, and ZEEL.

Despite the F&O ban, these stocks will remain available for trading in the cash market.

The NSE updates the F&O ban list daily, and the ban is applicable to derivative contracts that have exceeded 95% of the MWPL.

Traders and members are advised to only trade in the derivative contracts of the banned securities to decrease their positions through offsetting positions. Any increase in open positions may result in penal and disciplinary action.

No fresh positions are permitted in the F&O contracts of the affected stocks during the ban period imposed by the stock exchanges.

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