NSE Places 11 Stocks Under Trade Ban in F&O Segment for August 22, 2023

22 Aug 2023 , 08:15 AM

On Tuesday, August 22, 2023, the National Stock Exchange (NSE) imposed a trade ban on 11 stocks under the futures and options (F&O) segment. The ban comes into effect due to these securities surpassing 95 % of the market-wide position limit (MWPL), as reported by the NSE. However, these stocks will remain accessible for trading in the cash market.

The list of banned stocks includes prominent names like Steel Authority of India (SAIL), Metropolis Healthcare Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd. These stocks have been included in the F&O ban list by the stock exchange for Tuesday.

The NSE routinely updates the list of securities subject to F&O trade bans. The decision to impose a ban arises when derivative contracts related to these securities exceed 95 % of the market-wide position limit. Consequently, the stock exchange enforces the ban during the specified period.

The statement warns that any increase in open positions will lead to suitable penal and disciplinary actions, as articulated by the NSE. During the F&O ban period set by the stock exchanges, it is imperative to note that no fresh positions are permissible for any of the F&O contracts linked to the particular stocks. 

For feedback and suggestions, write to us at [e-mail]