Seven Stocks Placed Under NSE F&O Ban on October 12, 2023

12 Oct 2023 , 10:30 AM

Seven stocks were put under the F&O trade ban by the National Stock Exchange (NSE) on October 12, 2023. Ban imposed as these securities breached 95% of the market-wide position limit (MWPL) in the F&O segment.

Affected stocks: Balrampur Chini Mills Ltd, Hindustan Copper Ltd, India Cements Ltd, Indiabulls Housing Finance, Punjab National Bank, L&T Finance Holdings Ltd, and Manappuram Finance Ltd. 

Stocks remain available for trading in the cash market despite the F&O ban. NSE updates the list of banned securities in the F&O segment daily. Derivative contracts in these stocks surpassed the 95% MWPL, prompting the ban by NSE.

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