Stocks Under F&O Ban on September 23, 2024

23 Sep 2024 , 10:39 AM

The National Stock Exchange (NSE) has banned trading in futures and options (F&O) for eleven stocks on Monday, September 23.

This ban was implemented as these stocks exceeded 95% of the market-wide position limit (MWPL). Despite the ban in F&O, these stocks will still be available for trading in the cash market.

The eleven stocks under the F&O ban include Aarti Industries, Biocon, Chambal Fertilisers and Chemicals, GNFC, Granules India, LIC Housing Finance, National Aluminium, Oracle Financial Services Software, PNB, RBL Bank, and SAIL.

The NSE updates its F&O ban list daily, reflecting stocks that exceed the MWPL threshold.

Derivative contracts in these securities have crossed 95% of their market-wide position limit, triggering the stock exchange’s ban period. During the ban period, traders can only reduce their positions in these securities by offsetting existing contracts.

No new positions can be initiated, and any increase in open positions may result in penal or disciplinary action by the NSE. The ban on F&O contracts aims to ensure market stability and prevent excessive speculation in these stocks.