The National Stock Exchange (NSE) has banned trading in eleven stocks in the futures and options (F&O) segment on Monday, July 15, 2024. This ban occurred because these stocks exceeded 95% of the market-wide position limit (MWPL).
Despite the F&O ban, these stocks will still be available for trading in the cash market.
The NSE updates its F&O ban list daily.
The eleven stocks in the F&O ban list for July 15 are:
- Aditya Birla Fashion and Retail
- Balrampur Chini Mills
- Bandhan Bank
- Chambal Fertilisers and Chemicals
- GMR Infra
- GNFC
- IEX
- India Cements
- Indus Towers
- Piramal Enterprises
- RBL Bank
The NSE said these stocks have surpassed 95% of the MWPL, leading to their inclusion in the ban period. According to the NSE statement, “All clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action.”
When a stock is in the ban period for F&O contracts, no new positions can be created.
On July 12, the equity benchmark indices Sensex and Nifty surged nearly 1% to hit new lifetime highs, driven by strong buying in IT and tech stocks. The 30-share BSE Sensex rose 622 points or 0.78% to close at a new high of 80,519.34. It reached an intraday high of 80,893.51, up by 996.17 points or 1.24%.
The NSE Nifty increased by 186.20 points or 0.77% to close at a record high of 24,502.15.
For the week, the BSE benchmark jumped 522.74 points or 0.65%, and the Nifty rose by 178.3 points or 0.73%.
In the broader market, the BSE midcap index fell by 0.22%, and the smallcap index decreased by 0.13%.
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