On Thursday, August 8, the National Stock Exchange (NSE) banned trading in eleven stocks in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL).
These stocks will still be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.
Eleven stocks are under the F&O trade ban on Thursday, including Aditya Birla Capital, Aditya Birla Fashion & Retail (ABFRL), Birlasoft, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, and RBL Bank.
Chambal Fertilizers & Chemicals and Granules India have moved out of the ban.
The NSE stated that the derivative contracts in these securities crossed 95% of the MWPL, resulting in their placement in the ban period.
All clients and members are required to trade in the derivative contracts of these securities only to decrease their positions through offsetting. Any increase in open positions will attract appropriate penal and disciplinary action. No new positions are allowed when stock exchanges place F&O contracts in a particular stock in the ban period.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.