NSE Restricts Trading in 7 Stocks on Dec 11, 2023, Due to Exceeding Position Limits

11 Dec 2023 , 09:35 AM

The National Stock Exchange (NSE) has imposed a trading ban on seven stocks in the futures and options (F&O) segment on December 11, 2023. The F&O ban was triggered as these stocks crossed 95% of the market-wide position limit (MWPL), as reported by the NSE.

The affected stocks include Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, Hindustan Copper, National Aluminium Company Ltd, SAIL, and ZEEL.

Despite the F&O ban, these stocks remain available for trading in the cash market. The NSE regularly updates the list of securities under the F&O ban, and this information is subject to change daily.

According to the NSE, derivative contracts in these securities have surpassed the 95% MWPL, leading to the imposition of the ban.

Traders and members are advised to only engage in derivative contracts for these securities to decrease their positions through offsetting positions during the ban period.

Any increase in open positions during the ban will result in appropriate penal and disciplinary action by the NSE.

It is emphasized that no fresh positions are allowed for any F&O contracts in the specified stocks during the ban period as mandated by the stock exchange regulations.

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