Thirteen Stocks Hit F&O Trading Ban on January 18

18 Jan 2024 , 10:11 AM

Thirteen stocks are under the futures and options (F&O) ban for trade on January 18, 2024, by the National Stock Exchange (NSE).

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

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

The affected stocks include Aditya Birla Fashion and Retail, Ashok Leyland, Bandhan Bank, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, IEX, Metropolis Healthcare, National Aluminium Company, Polycab, PVR INOX, SAIL, and ZEEL.

The NSE updates the list of securities in the F&O ban daily.

Derivative contracts for the mentioned securities have exceeded 95% of the market-wide position limit, leading to the ban.

Clients/members are advised to trade in derivative contracts only to decrease positions through offsetting during the ban.

Any increase in open positions during the ban period will result in penal and disciplinary action, according to the NSE.

No new positions are allowed for any of the affected F&O contracts during the ban period.

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