Seven Stocks Placed in NSE F&O Ban for Exceeding Position Limits

20 Oct 2023 , 10:58 AM

Seven stocks have been placed under a trading ban in the futures and options (F&O) segment by the National Stock Exchange (NSE) for October 20, 2023. This action was taken because these securities exceeded 95% of the market-wide position limit (MWPL), as stated by NSE.

The stocks, including Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, Manappuram Finance, and MCX, are restricted in the F&O segment but can still be traded in the cash market. The NSE regularly updates the list of securities under the F&O trading ban.

Derivative contracts for these stocks have reached the 95% MWPL limit and are temporarily banned from trading, with NSE warning against increasing open positions. During the ban period, clients and members can only trade to reduce their positions through offsetting positions, with penalties for increasing open positions.

No new positions are allowed in the F&O contracts for these stocks while under the trading ban imposed by stock exchanges.

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