NSE Imposes Trade Ban on 9 Stocks Over MWPL Breach in F&O Segment

16 Aug 2023 , 09:19 AM

The National Stock Exchange (NSE) has enforced a trade ban on nine stocks within the futures and options (F&O) segment on August 16, 2023. The ban is a result of these stocks surpassing 95 % of the market-wide position limit (MWPL), a measure implemented to maintain market integrity.

Despite being restricted in the F&O segment, these stocks can still be traded in the cash market.

The list of affected stocks includes:

•  Zee Entertainment Enterprises
•  Granules India Ltd
•  India Cements Ltd
•  Chambal Fertilizers and Chemicals
•  Gujarat Narmada Valley Fertilizers And Chemicals Limited
•  Manappuram Finance
•  Delta Corp
•  Balrampur Chini Mills
•  Indiabulls Housing Finance

Engaging in fresh positions during this period will lead to appropriate penal and disciplinary action. The trade ban also includes a prohibition on initiating new positions in any F&O contracts related to the mentioned stocks.

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