Stocks Under F & O Ban Today, May 9, 2024

9 May 2024 , 09:38 AM

ZEE Entertainment (ZEEL), SAIL Ltd, Punjab National Bank Ltd, Canara Bank, and Vodafone Idea Ltd are among 10 stocks under NSE’s F&O ban list on Thursday. Others include Balrampur Chini Mills Ltd, Aditya Birla Fashion and Retail Ltd, Biocon, GMR Airports Infrastructure Ltd, and Piramal Enterprises Ltd.

Despite the ban in the F&O segment, these stocks will still be available for trading in the cash market. The NSE updates its list of banned securities in the F&O segment daily based on breaches of the MWPL by derivative contracts.

Trading in derivative contracts for the banned stocks is restricted from opening fresh positions. Traders can only engage in offsetting positions to decrease their existing positions. Any increase in open positions beyond the ban will result in appropriate penal and disciplinary action, as stated by the NSE This restriction on fresh positions applies to all F&O contracts of the specified stocks during the ban period.

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