Stocks Under F&O Ban Today, May 13, 2024

13 May 2024 , 09:28 AM

On Monday, May 13, 2024, the National Stock Exchange (NSE) enforced a ban on the trading of eight stocks within the futures and options (F&O) segment.

The reason behind this ban is that these securities have surpassed 95% of the market-wide position limit (MWPL), as reported by the NSE. Notably, this ban only applies to trading within the futures and options segment; the stocks remain available for trading in the cash market.

The list of stocks affected by the F&O ban on May 13 includes Balrampur Chini Mills, Canara Bank, GMR Airports Infrastructure, Hindustan Copper, Vodafone Idea, PNB, SAIL, and ZEEL.

The NSE updates this ban list daily, adjusting it according to changes in the MWPL status of securities. Traders holding derivative contracts in the banned securities are restricted from increasing their open positions during the ban period.

The NSE issued a statement emphasizing that traders must only trade in these derivative contracts to decrease their positions through offsetting positions. Any attempt to increase open positions will result in appropriate penalties and disciplinary actions.

During the ban period, no fresh positions are allowed for any of the F&O contracts related to the banned stocks, as per the regulations set by the stock exchanges.

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