September 11: NSE Updates F&O Ban List

11 Sep 2023 , 09:51 AM

In a significant move, the National Stock Exchange (NSE) has made revisions to its Futures and Options (F&O) ban list today. This update, which comes into effect immediately, involves the addition of a new stock to the list, the removal of another, and the retention of eight stocks from the previous session.

The NSE has placed nine stocks under its F&O ban list as of Monday. The state-owned engineering giant, BHEL, has been removed from the NSE F&O ban list. The agrochemicals manufacturer Chambal Fertilisers is the newest entrant on the ban list.

The following eight stocks from the previous session continue to be on the NSE F&O ban list:

 

• NBFC Manappuram Finance
• Punjab National Bank
• Delta Corp
• Hindustan Copper
• India Cements
• Balrampur Chini Mills
• Indiabulls Housing Finance
• Sail
• Chambal Fertilisers

The nine securities on the ban list have exceeded 95% of the market-wide position limit (MWPL). They will remain on the list until their positions fall below 80%. While on the Futures and Options ban list, no new or fresh F&O positions can be bought or sold for the listed stocks. Traders who violate this restriction will face penalties. However, traders with existing positions in these securities can unwind their positions.

It’s important to note that the market-wide position limit is determined and set by the stock exchanges. The NSE regularly updates the list of securities in the F&O ban for trade, ensuring that market participants stay informed about the latest changes.

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