NSE Bans Trading in Six Stocks Under F&O Segment Due to MWPL Crossing 95%

11 Oct 2023 , 10:31 AM

On October 11, 2023, the National Stock Exchange (NSE) imposed a ban on six stocks under the futures and options (F&O) segment. Delta Corp, Indiabulls Housing Finance, Punjab National Bank, L&T Finance Holdings Ltd, Manappuram Finance Ltd, and MCX. These stocks were placed under the ban because they exceeded 95% of the market-wide position limit (MWPL), as per the NSE.

The National Stock Exchange (NSE) updates the F&O ban list daily, restricting trading in these securities. While these stocks are restricted from trading in the F&O segment, they remain available for trading in the cash market.

NSE has stated that clients and members can only trade in the derivative contracts of these securities to reduce their existing positions. Opening new positions during this ban period is not permitted. Any violation of this directive may result in appropriate penalties and disciplinary actions.

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