Stocks Under F&O Ban on October 28, 2024

28 Oct 2024 , 11:49 AM

NSE imposed a trading ban in the futures and options (F&O) segment on 10 stocks on Monday, October 28. This is because these 10 stocks surpassed 95% of the market-wide position limit (MWPL).

Despite the ban in the F&O segment, these stocks remain available for trading in the cash market. NSE regularly updates the list of securities under the F&O ban each trading day.

The 10 stocks under the F&O ban on October 28 include: Aarti Industries, Bandhan Bank, Dixon Technologies, Escorts Kubota, IDFC First Bank, Indiamart Intermesh, L&T Finance, Manappuram Finance, NMDC, and RBL Bank.

According to NSE, these stocks entered the ban period as their derivative contracts exceeded the 95% MWPL threshold. During the ban period, traders can only reduce their open positions in the derivative contracts of the listed securities through offsetting trades.

Any increase in open positions for these banned stocks could result in penal actions and disciplinary measures as per NSE guidelines. The F&O ban restricts new positions but allows for position reduction to maintain market stability.