Stock Market Alert: NSE Slaps F&O Ban on SAIL, Bandhan Bank, Birlasoft, and 7 Others – Find Out Why

The National Stock Exchange (NSE) has banned trading in the futures and options (F&O) segment for ten stocks on Wednesday, October 9, because they exceeded 95% of the market-wide position limit (MWPL). These stocks are still available for trading in the regular cash market.

The list of stocks under the F&O ban today includes:

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• Bandhan Bank
• Birlasoft
• GNFC
• Granules India
• Hindustan Copper
• IDFC FIRST Bank
• Manappuram Finance
• PNB
• RBL Bank
• SAIL

The NSE explained that since these stocks have surpassed 95% of the MWPL, they are now in a ban period. During this time, traders can only reduce their positions by offsetting them, and no new positions can be opened. Any attempts to increase positions will lead to penalties and disciplinary action.

Stock markets on October 8 showed a strong rebound, ending a six-day losing streak. The BSE Sensex rose by nearly 585 points, supported by strong buying in major companies like HDFC Bank, Reliance Industries, and Mahindra & Mahindra. The 30-share BSE Sensex increased by 584.81 points (0.72%) to close at 81,634.81, with an intraday high of 81,763.28 points.

Similarly, the NSE Nifty gained 217.40 points (0.88%) to end the day at 25,013.15, with an intraday high of 25,044 points.

In the broader market, the BSE mid-cap index surged by 1.86%, and the small-cap index soared by 2.44%. Sector-wise, services gained 3.25%, capital goods jumped 2.82%, industrials increased 2.81%, power went up by 2.44%, and telecommunications rose by 2.35%.