On Wednesday, October 16, 2024, the National Stock Exchange (NSE) banned trading in the futures and options (F&O) segment for 14 stocks after they exceeded 95% of the market-wide position limit (MWPL).
Despite the ban in the F&O segment, these stocks are still available for trading in the cash market.
The 14 stocks under the F&O ban include Bandhan Bank, Chambal Fertilisers, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange (IEX), L&T Finance, Manappuram Finance, National Aluminium, PNB, RBL Bank, SAIL, and Tata Chemicals.
The NSE regularly updates the list of stocks under the F&O ban daily based on their MWPL performance. The derivative contracts for these stocks surpassed 95% of the MWPL, which resulted in their inclusion in the ban list.
During the ban, trading in these derivative contracts is only allowed to reduce positions through offsetting transactions, and no new positions can be taken in the F&O segment.
Any increase in open positions during this period will result in penalties and disciplinary actions as per NSE guidelines.
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