Trading Ban Imposed on 10 Stocks in NSE's F&O Segment for August 18, 2023

18 Aug 2023 , 09:23 AM

The National Stock Exchange (NSE) has imposed a trading ban on ten stocks in the futures and options (F&O) segment for August 18, 2023. The decision is a precautionary measure due to these stocks exceeding 95 % of the market-wide position limit (MWPL) set by the NSE.

Despite the ban, the stocks will remain available for trading in the cash market. The stocks included in the F&O ban list for Friday are as follows:

• Chambal Fertilisers & Chemicals Ltd
• Delta Corp Ltd
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)
• Granules India Ltd
• Hindustan Copper Ltd
• Indiabulls Housing Finance Ltd
• India Cements Ltd
• Punjab National Bank
• SAIL
• Zee Entertainment Enterprises Ltd (ZEEL)

The NSE updates the list of securities under the F&O ban on a daily basis as market conditions change. The ban results from derivative contracts of these stocks surpassing the 95 % threshold of the market-wide position limit.

The NSE’s announcement clarifies that participants can only trade in derivative contracts of these securities to reduce their positions through offsetting actions. Initiating new positions in the banned stocks’ futures and options contracts during this period is prohibited.

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