September 9: NSE Adds SAIL and Manappuram Finance to F&O Ban List

7 Sep 2023 , 11:18 AM

On September 7, 2023, NSE modified its Futures and Options (F&O) ban list. Two new stocks were added to the F&O ban list. The newcomers are SAIL and Manappuram Finance. Six stocks from the previous session remained on the ban list.

These stocks include BHEL, Delta Corp, Hindustan Copper, India Cements, Balrampur Chini Mills, and Indiabulls Housing Finance. Stocks breach the market-wide position limit (MWPL), exceeding 95%. Stocks on the ban list will remain until their positions drop below 80%. In such a case, trading restrictions apply: No new F&O positions can be initiated for banned stocks. Whereas the Violations may lead to penalties, existing positions can be unwound.

The MWPL is set by the stock exchanges to maintain market stability. NSE advises trading in derivative contracts of banned securities only for position reduction through offsetting trades.

The NSE updates the F&O ban list daily to inform market participants. Investors and traders should stay informed about regulatory updates and seek expert advice due to inherent risks in stock trading.

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