Stocks Under F&O Ban on October 24, 2024

24 Oct 2024 , 11:09 AM

NSE has banned trading in 10 stocks on October 24 in the Futures and Options (F&O) segment. The ban was implemented because these stocks crossed 95% of the Market-Wide Position Limit (MWPL).

Despite the ban in the F&O segment, these stocks can still be traded in the cash market.

The 10 stocks under the F&O ban on Thursday are: Aarti Industries, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Indian Energy Exchange (IEX), Indiamart Intermesh, Manappuram Finance, NMDC, Piramal Enterprises (PEL), and RBL Bank.

NSE updates the F&O ban list daily, placing stocks under restriction if they exceed 95% of MWPL. During the ban, traders can only reduce their positions and are not allowed to initiate new positions.

Any attempt to increase open positions while under the ban will result in penalties and disciplinary actions as per NSE regulations.