NSE Imposes Trading Ban on Six Stocks in F&O Segment Due to MWPL Breach

13 Jul 2023 , 10:36 AM

The National Stock Exchange (NSE) has placed a ban on trading six stocks under the futures and options (F&O) segment for Thursday, July 13, 2023. The ban was imposed as these stocks exceeded 95% of the market-wide position limit (MWPL), according to the NSE.

The affected stocks are Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd.

The NSE updates the F&O ban list daily, and these stocks have entered the ban period. Trading of banned stocks will still be allowed in the cash market.

NSE has instructed clients/members to trade in derivative contracts of the affected security only for reducing positions through offsetting positions. Any increase in open positions will result in appropriate penal and disciplinary action, as per NSE’s announcement.

During the ban period, no fresh positions are permitted in the F&O contracts associated with these stocks. Traders and investors should stay informed about the NSE’s daily updates on the F&O ban list to make informed decisions regarding these securities.

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