Thirteen Stocks Hit F&O Ban List on NSE Due to MWPL Breach

11 Jan 2024 , 10:20 AM

Thirteen stocks have been placed under the ban for futures and options (F&O) trading on January 11, 2024, by the National Stock Exchange (NSE) in India.

The ban is due to these securities crossing 95% of the market-wide position limit (MWPL) in the F&O segment, as reported by the NSE.

Despite the F&O ban, the mentioned stocks will still be available for trading in the cash market.

The affected stocks include Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Escorts, Hindustan Copper, Indian Energy Exchange Ltd, India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises Limited, PVR INOX, SAIL, and ZEEL.

The NSE updates the F&O ban list daily, and the ban is imposed on derivative contracts that have crossed 95% of the MWPL.

Traders and clients are advised by the NSE to only trade in the derivative contracts of the banned securities to decrease their positions through offsetting. Any increase in open positions will result in penal and disciplinary action.

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

For feedback and suggestions, write to us at [e-mail]