The National Stock Exchange (NSE) has banned trading in futures and options (F&O) for 16 stocks on Tuesday, October 22, after these stocks surpassed 95% of the market-wide position limit (MWPL).
These stocks can still be traded in the regular cash market, but the NSE updates the F&O ban list daily based on market activity.
Stocks on the F&O Ban List Today:
- Aarti Industries
- Bandhan Bank
- Birlasoft
- Chambal Fertilisers and Chemicals
- GNFC
- Granules India
- Hindustan Copper
- IDFC First Bank
- India Energy Exchange
- Indiamart Intermesh
- L&T Finance
- Manappuram Finance
- Piramal Enterprises
- PNB (Punjab National Bank)
- RBL Bank
- SAIL
According to the NSE, these stocks have crossed 95% of their MWPL, which is why they are in the F&O ban period. This means no new positions can be opened in these stocks, and trading is limited to reducing existing positions. Failure to follow these rules may result in penalties.
On Monday, despite a strong opening, benchmark indices Sensex and Nifty closed lower due to profit booking and continued foreign fund outflows. The Sensex fell by 73.48 points to settle at 81,151.27, while Nifty dropped 72.95 points to 24,781.10.
Midcap and smallcap indices also declined by 1.63% and 1.51%, respectively.
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