9 Stocks on NSE F&O Ban Today: Includes NALCO & Piramal Enterprises

13 Mar 2024 , 09:14 AM

On Wednesday, March 13, 2024, a total of 9 stocks have been restricted for trading in the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been placed on the ban list under the F&O segment after crossing 95% of the market-wide position limit (MWPL), as reported by the NSE.

The stocks included in the F&O ban list for March 13 are Aditya Birla Fashion and Retail, Hindustan Copper, Manappuram Finance, Mahanagar Gas, National Aluminium Company, Piramal Enterprises, SAIL, Tata Chemicals, and ZEEL.

The NSE regularly updates the list of securities under the F&O ban for trading each day. Derivative contracts for the mentioned securities have surpassed 95% of the market-wide position limit, leading to their inclusion in the ban period by the stock exchange, as stated by the NSE.

According to the NSE, clients and members are advised to only trade in derivative contracts of these securities to reduce their positions through offsetting positions. Any increase in open positions during this period will be subject to appropriate penal and disciplinary action.

During Tuesday’s trading session, the equity market benchmark Sensex concluded on a positive note, driven by significant buying activity in index heavyweights such as HDFC Bank, TCS, and Reliance Industries, despite mixed signals from Asian markets.