Market Update: Bandhan Bank, NMDC, Dixon, RBL Bank Among 10 Stocks Restricted in F&O Trade on October 28

On Monday, October 28, the National Stock Exchange (NSE) restricted trading in ten stocks in the futures and options (F&O) segment, as these stocks surpassed 95% of their market-wide position limit (MWPL). Although trading is restricted in the F&O market, these stocks remain available for trading in the cash segment.

F&O Ban List Today

The stocks currently under F&O restrictions include:

• Aarti Industries
• Bandhan Bank
• Dixon Technologies
• Escorts Kubota
• IDFC First Bank
• Indiamart Intermesh
• L&T Finance
• Manappuram Finance
• NMDC
• RBL Bank

Once a stock crosses 95% of the MWPL, it is placed on the ban list, meaning trading in these stocks can only occur to reduce existing positions. New positions are not permitted, and any increase in open positions may lead to penalties or disciplinary action.

Market Recap from October 25

Earlier in the week, the stock market saw a substantial drop, with the Sensex plunging by around 660 points, closing below the 80,000 level due to heavy selling. The Sensex finished at 79,402.29, while the Nifty fell by 218.60 points, ending at 24,180.80. Both indices closed lower for the fourth week in a row, as foreign capital outflows and sluggish Q2 earnings continued to impact sentiment.

• Weekly Losses: The BSE Sensex dropped by 1,822.46 points (2.24%), and the Nifty fell by 673.25 points (2.70%).
• Sectoral Performance: Oil & gas declined 3.09%, consumer durables by 2.74%, followed by services (-2.69%), energy (-2.66%), utilities (-2.53%), telecommunications (-2.38%), and capital goods (-2.23%).

Summary

These F&O restrictions serve as a measure to manage stock positions and market volatility effectively, while traders remain cautious in the current bearish market trend.