On Tuesday, May 14, 2024, nine stocks have been placed under a trading ban in the futures and options (F&O) segment by the National Stock Exchange (NSE). This action was taken as these securities breached 95% of the market-wide position limit (MWPL), as per NSE regulations.
The stocks included in the F&O ban list for May 14 are Balrampur Chini Mills, Canara Bank, GMR Airports Infrastructure, Hindustan Copper, Vodafone Idea, Piramal Enterprises, PNB, SAIL, and ZEEL. It’s important to note that the NSE updates this list of banned securities in the F&O segment daily.
The NSE has enforced this ban on derivative contracts for the mentioned securities as they have exceeded 95% of the MWPL. During this ban period, clients and members are only permitted to trade in these derivative contracts to reduce their existing positions. Any increase in open positions will result in appropriate penalties and disciplinary actions, as stated in the NSE’s announcement.
Fresh positions are strictly prohibited for any F&O contracts related to these stocks while they are under the ban period imposed by the stock exchange. Traders and investors are urged to adhere to these regulations to maintain market integrity and stability.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.