NSE Places Ten Stocks Under F&O Ban for December 20, 2023, Due to MWPL Breach

20 Dec 2023 , 10:04 AM

National Stock Exchange (NSE) put ten stocks under the ban for trade on December 20, 2023, in the futures and options (F&O) segment.

The ban is due to these securities crossing 95% of the market-wide position limit (MWPL), according to NSE.

Stocks in the F&O ban list for December 20 include Balrampur Chini Mills, Delta Corp, Indus Towers, IRCTC, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, and ZEEL.

The banned stocks remain available for trading in the cash market. NSE updates the F&O ban list daily, and derivative contracts in these securities have crossed the 95% MWPL.

Trading in the derivative contracts is allowed only for decreasing positions through offsetting positions; any increase in open positions will face penal and disciplinary action.

No fresh positions are permitted in the F&O contracts of the specified stocks during the ban period.

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