NSE Imposes Trade Ban on Seven Stocks as Derivative Contracts Exceed Limits

14 Dec 2023 , 10:48 AM

Seven stocks face trade ban on December 14, 2023, in NSE’s futures and options (F&O) segment, crossing 95% of the market-wide position limit (MWPL). 

Securities under the ban include India Cements, Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, Hindustan Copper, National Aluminium Company Ltd, and ZEEL.

Despite the F&O ban, these stocks remain available for trading in the cash market. NSE updates the F&O ban list daily to reflect changes in market conditions.

Derivative contracts for the mentioned securities exceed 95% of MWPL, leading to the current ban period imposed by NSE.

Clients/members are advised to trade in derivative contracts only to reduce positions through offsetting; any increase in open positions may result in penal and disciplinary action, as per NSE.

During the F&O ban period, no new positions are allowed for the specified stocks to maintain market stability.

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