Stocks Under F&O ban list today, May 14th, 2024

14 May 2024 , 09:34 AM

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.