NSE Restricts Trading in Seven Stocks on December 8 Due to Exceeding Position Limits

8 Dec 2023 , 10:40 AM

The National Stock Exchange (NSE) has banned trading seven stocks under the futures and options (F&O) segment. As per NSE guidelines, the ban is due to these securities crossing 95% of the market-wide position limit (MWPL).

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

While these stocks are restricted in the F&O segment, they remain available for trading in the cash market.

The NSE routinely updates the list of securities under the F&O ban for each trading day.

Derivative contracts of the mentioned securities, exceeding 95% of the MWPL, currently face a ban per the NSE’s decision.

Any increase in open positions during the ban period may result in appropriate penal and disciplinary actions. No new positions are allowed for any F&O contracts related to the specified stocks while under the ban period imposed by the stock exchanges.

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