Hindustan Copper, India Cements, SAIL among 6 Stocks Under NSE F&O Ban List Today – Stocks to Watch
The National Stock Exchange (NSE) has put a ban on trading in the futures and options (F&O) segment for six stocks on Wednesday, June 12, 2024, because they have exceeded 95% of the market-wide position limit (MWPL).
These stocks can still be traded in the cash market.
Every day, the NSE updates the list of securities banned in the F&O segment.
F&O ban list today
The six stocks banned for trading in the F&O segment on June 12 are Balrampur Chini Mills, GMR Airports Infrastructure, Hindustan Copper, India Cements, SAIL, and ZEEL.
The NSE said that these securities have crossed 95% of the market-wide position limit and are now in the ban period.
The NSE stated, “All clients/members can only trade in these derivative contracts to reduce their positions. Any increase in open positions will result in penalties and disciplinary action.”
When a stock is in the F&O ban period, no new positions can be created in its F&O contracts.
On June 11, the main equity indices Sensex and Nifty ended almost flat after a record-breaking rally, as investors were cautious and waiting for more triggers.
The 30-share BSE Sensex dropped 33.49 points or 0.04 percent to 76,456.59 due to late selling. Earlier in the day, it had gained 370.45 points or 0.48 percent to reach 76,860.53.
The NSE Nifty ended slightly up by 5.65 points or 0.02 percent to 23,264.85 after a day of volatile trading.
In the broader market, the BSE smallcap index rose 0.95 percent, and the midcap index went up by 0.74 percent.
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