Ten Stocks Placed Under F&O Ban on NSE

Ten Stocks Placed Under F&O Ban on NSE

VoM News Desk | October 12, 2023 | 10:49 PM IST | Breaking News | Follow on Google News

Ten Stocks Placed Under F&O Ban on NSE

Ten Stocks Placed Under F&O Ban on NSE

The National Stock Exchange (NSE) has placed ten stocks under the futures and options (F&O) ban for trading on October 13, 2023. The reason for the ban is that these securities have crossed 95% of the market-wide position limit (MWPL) in the F&O segment. However, these stocks will still be available for trading in the cash market.

The ten stocks under the F&O ban are Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, PNB, and Sun TV.

The NSE regularly updates the list of securities in the F&O ban, and in this case, it’s due to derivative contracts in these stocks crossing the 95% MWPL. During the ban period, clients and members can only trade in derivative contracts of these securities to reduce their positions through offsetting positions. Opening new positions is not allowed during the ban period, and any increase in open positions may result in penalties.

Market Performance and Rupee Decline

On the trading day in question, Indian equities saw a decline, primarily due to a sell-off in IT and tech stocks. The BSE Sensex, comprising 30 shares, dropped 64.66 points or 0.10%, closing at 66,408.39 points. Meanwhile, the Nifty of NSE also fell by 17.35 points or 0.09%, closing at 19,794 points.

The rupee also saw a decline, settling 6 paise lower at 83.24 against the US dollar. This drop was attributed to rising crude oil prices affecting investor sentiment.

VoM News Desk

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