F&O Ban List: Indraprastha Gas, Hindustan Copper Among 6 Stocks Restricted on November 21

The National Stock Exchange (NSE) has added six stocks to its Futures and Options (F&O) ban list for Thursday, November 21. These stocks crossed 95% of their market-wide position limit (MWPL), triggering the restriction.

Although F&O trading is restricted, these stocks remain available for trading in the cash market. The NSE updates the F&O ban list daily based on MWPL limits.

Stocks in F&O Ban Today

The six stocks under the F&O ban on November 21 are:

1. Aarti Industries
2. Aditya Birla Fashion and Retail
3. GNFC
4. Granules India
5. Hindustan Copper
6. Indraprastha Gas

What the F&O Ban Means

The NSE stated that derivative contracts in these stocks exceeded 95% of the MWPL. As a result:

• Trading in these F&O contracts is allowed only to reduce existing positions.
• No new positions can be taken during the ban period.
• Traders attempting to increase positions could face penalties or disciplinary action.

Recent Market Performance

On November 19, the stock market showed signs of recovery:

• Sensex rebounded by 239 points (0.31%) to close at 77,578.38, ending a four-day losing streak. The index hit an intraday high of 78,451.65 but pared some gains due to a late decline in Reliance Industries.
• Nifty 50 rose 64.70 points (0.28%) to finish at 23,518.50, snapping a seven-session losing streak. It touched an intraday high of 23,780.
• The BSE mid-cap and small-cap indices surged by 0.94% and 0.90%, respectively, reflecting broader market recovery.

Key Takeaways for Traders

• Traders should focus on reducing F&O positions in the banned stocks to avoid penalties.
• Market sentiment appears to be recovering, driven by value-buying in banking, IT, and auto stocks despite mixed global trends.
• Keep an eye on Reliance Industries and other heavyweights for their impact on market movements.