NSE Puts Eleven Stocks Under F&O Ban for November 21
NSE Puts Eleven Stocks Under F&O Ban for November 21
The National Stock Exchange (NSE) has placed eleven stocks under a ban for trade on Tuesday, November 21, 2023, in the futures and options (F&O) segment. This decision was made as these securities exceeded 95 percent of the market-wide position limit (MWPL). However, trading in these stocks will still be available in the cash market.
List of Stocks Affected
The stocks included in the F&O ban list are BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank, and ZEEL. The NSE regularly updates its list of securities in the F&O ban to reflect current market conditions. Derivative contracts in these securities have crossed the threshold of 95 percent of the MWPL, prompting their inclusion in the ban period.
Trading Restrictions and Penalties
NSE has informed all clients and members that trading in the derivative contracts of these securities is permitted only to decrease positions through offsetting. Any attempt to increase open positions in these securities will attract penal and disciplinary actions. The F&O ban implies that no fresh positions are allowed for any of the F&O contracts in the affected stocks.
Market Performance on Monday
In the broader market context, benchmark equity indices Sensex and Nifty experienced a downturn for the second consecutive session on Monday, driven by selling in sectors such as auto, utility, and commodities. The BSE Sensex saw a decline of 139.58 points, or 0.21%, while the Nifty dropped by 37.80 points, or 0.19%. In contrast, the BSE smallcap index saw a gain, while the midcap index experienced a slight dip. The market saw mixed performance across various sectors.
