Stocks in F&O ban list today, 25th April, 2024

25 Apr 2024 , 08:56 AM

On April 25, 2024, the National Stock Exchange (NSE) took action to ban trading in three specific stocks within the futures and options (F&O) segment due to these stocks surpassing 95% of the market-wide position limit (MWPL).

The stocks affected by this ban include Aditya Birla Fashion and Retail, Hindustan Copper, and SAIL. Despite being restricted in the F&O segment, these stocks are still available for trading in the cash market.

This ban is part of a routine process by the NSE, which updates its list of banned securities in the F&O segment on a daily basis.

 The reason behind banning these stocks lies in the derivative contracts associated with them, which have exceeded the 95% MWPL threshold. As a result, they are currently under the ban period imposed by the stock exchange.

The NSE has issued guidelines stating that clients and members can only engage in trading derivative contracts of these banned securities for the purpose of reducing their existing positions. Any attempts to increase positions will result in penalties and disciplinary actions.

During the ban period, no fresh positions are permitted for any of the F&O contracts related to the banned stocks. This measure is put in place to ensure fair and orderly trading in the market.

Meanwhile, on the preceding day, which was Wednesday, both the Sensex and Nifty, the two key equity benchmark indices, experienced upward movements for the fourth consecutive session.

This rise in the indices was driven by increased buying activity in metal and commodity stocks, coupled with a positive trend observed in global equities markets.

Specifically, the BSE Sensex saw a gain of 114.49 points, settling at 73,852.94, after reaching a peak of 74,121.61 during the trading session. Similarly, the NSE Nifty also advanced, adding 34.40 points to close at 22,402.40.

Looking beyond the major indices, the broader market showed positive momentum as well. The BSE smallcap index recorded a gain of 0.79%, while the midcap index saw an even higher increase of 0.92%.

Noteworthy gainers among sectoral indices included metal, which surged by 2.83%, commodities by 1.62%, industrials by 1.13%, and oil & gas by 0.96%. These sectors played a significant role in driving the overall market performance on that particular day.

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