Stocks Under F&O Ban on September 18, 2024

18 Sep 2024 , 10:32 AM

The National Stock Exchange (NSE) placed a trading ban on ten stocks in the futures and options (F&O) segment on Wednesday, September 18, as these stocks crossed 95% of the market-wide position limit (MWPL).

Although trading is restricted in the F&O segment, these stocks are still available for trading in the cash market. The NSE updates the list of securities under F&O trading restrictions daily based on the MWPL.

The ten stocks on the F&O ban list for September 18 include Aarti Industries, Balrampur Chini Mills, Biocon, Birlasoft, GNFC, Granules India, Hindustan Copper, LIC Housing Finance, PNB, and RBL Bank.

NSE has stated that derivative contracts in these stocks have surpassed 95% of the MWPL, leading to their inclusion in the ban period.

During the ban period, clients and members are permitted to only reduce their positions by offsetting contracts. No new positions can be initiated.

Any increase in open positions during this period will result in penal and disciplinary action, as per the NSE guidelines. No fresh positions are allowed until the stocks are removed from the F&O ban period.