Stocks Under F&O Ban on September 24, 2024

24 Sep 2024 , 10:36 AM

The National Stock Exchange (NSE) has banned trading in 12 stocks in the futures and options (F&O) segment as of September 24, 2024.

The ban was triggered as these stocks exceeded 95% of the market-wide position limit (MWPL). These stocks remain available for trading in the cash market, despite being banned from F&O trading.

The stocks on the ban list include Aarti Industries, Aditya Birla Fashion and Retail, Biocon, Chambal Fertilisers and Chemicals, GNFC, Granules India, Vodafone Idea, LIC Housing Finance, National Aluminium, Oracle Financial Services Software, PNB, and SAIL.

The NSE updates this list of banned securities daily based on their MWPL status.

The exchange has stated that derivative contracts in these securities exceeded 95% of the MWPL, leading to their inclusion in the F&O ban.

Traders can only decrease their open positions in these stocks during the ban period, as new positions are not permitted.

Any attempt to increase open positions will result in penal or disciplinary action, according to the NSE’s guidelines. F&O bans are imposed to maintain market stability when certain stocks see high derivatives activity.