Six Stocks, Including Zee and SAIL, Hit F&O Ban List on January 3rd

3 Jan 2024 , 11:01 AM

On Wednesday, January 3, six stocks find themselves under the F&O ban list: Balrampur Chini, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Steel Authority of India (SAIL), and Zee Entertainment Enterprises (ZEEL).

F&O contracts of a stock enter the ban period when its open interest (OI) surpasses 95% of the market-wide positions limits (MWPL). The ban is lifted only when the open interest falls below 80%.

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

The NSE regularly updates the list of securities under the F&O ban on a daily basis.

The NSE emphasized that market participants should only engage in derivative contracts for the specified securities to reduce their positions through offsetting actions.

Any attempt to increase open positions during the ban period will result in appropriate penal and disciplinary action, as stated by the NSE.

During the F&O ban period, no new positions are permitted for any F&O contracts associated with the affected stocks, in accordance with stock exchange regulations.

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