Stocks Under F&O Ban on October 29, 2024

29 Oct 2024 , 11:10 AM

On October 29, the National Stock Exchange (NSE) placed eight stocks under a trading ban in the futures and options (F&O) segment after these stocks exceeded 95% of the market-wide position limit (MWPL).

Despite the F&O ban, these stocks remain available for trading in the cash market. The NSE revises its list of banned securities in the F&O segment daily to ensure market stability.

The stocks under the F&O ban on October 29 include Dixon Technologies, Escorts Kubota, IDFC First Bank, Indiamart Intermesh, L&T Finance, Manappuram Finance, Punjab National Bank, and RBL Bank.

According to the NSE, these stocks reached over 95% of their MWPL, leading to their inclusion in the F&O ban list for the day.

The NSE has instructed all traders and brokers to limit trading in these derivative contracts to reduce their positions via offsetting trades.

The NSE prohibits any increase in open positions for these securities under the ban, enforcing disciplinary actions for any violations. Once an F&O contract for a stock is banned, no new positions are permitted until the MWPL conditions are met, ensuring compliance with regulatory limits.