The National Stock Exchange (NSE) restricted trading in six stocks on Monday, July 8, 2024, within the futures and options (F&O) segment.
This ban was imposed as the stocks surpassed 95% of the market-wide position limit (MWPL). Despite the ban, these stocks can still be traded in the cash market. The NSE updates its F&O ban list on a daily basis.
The affected stocks include Aditya Birla Fashion and Retail, Bandhan Bank, GNFC, Hindustan Copper, India Cements, and Piramal Enterprises.
The NSE stated that derivative contracts for these securities had exceeded 95% of the MWPL, prompting the ban period. During the ban period, trading in derivative contracts of these securities is limited to reducing positions through offsetting trades.
Any increase in open positions during the ban period will result in penal and disciplinary actions. New positions in F&O contracts are not allowed when a stock is under the F&O 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.