NSE Imposes F&O Trading Ban on Eight Stocks Surpassing Market Limits

22 Dec 2023 , 11:01 AM

On December 22, 2023, the National Stock Exchange (NSE) imposed trading restrictions on eight stocks in the futures and options (F&O) segment. The decision was based on these securities surpassing 95% of the market-wide position limit (MWPL), as reported by the NSE.

The affected stocks include Ashok Leyland Ltd, Balrampur Chini Mills, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, SAIL, and RBL Bank.

Despite the F&O ban, these stocks remain available for trading in the cash market. The NSE regularly updates the F&O ban list, with changes occurring daily. Derivative contracts for the mentioned securities exceeded 95% of the MWPL, leading to their inclusion in the ban period, as confirmed by the NSE.

Traders and members are advised to trade in derivative contracts for these securities only to reduce their positions through offsetting. The NSE warns that any increase in open positions during the ban period will result in appropriate penal and disciplinary action.

While under the F&O ban, no fresh positions are permitted for any derivative contracts related to the specified stocks on the stock exchanges.

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