Stock Market Today: India Cements, Indus Towers Hit F&O Ban List on July 3 | Stock Market News
F&O Ban List: The National Stock Exchange (NSE) has banned trading in futures and options (F&O) for India Cements and Indus Towers on Wednesday, July 3, 2024, as these stocks exceeded 95% of the market-wide position limit (MWPL).
However, these stocks can still be traded in the cash market.
The NSE updates the F&O ban list daily. For July 3, India Cements and Indus Towers are on this list.
The NSE stated that the derivative contracts in these securities have crossed 95% of the market-wide position limit, placing them in the stock exchange’s ban period.
“All clients/members should only reduce their positions in the derivative contracts of these securities through offsetting trades. Any increase in open positions will lead to penal and disciplinary action,” the NSE statement read.
No new positions are allowed when stocks are in the F&O ban period.
Market Performance on July 2
On July 2, the Sensex and Nifty hit fresh lifetime highs before closing flat due to profit-taking in some banking and telecom shares amid mixed global cues.
The 30-share BSE Sensex fell by 34.74 points or 0.04% to close at 79,441.45 in volatile trading. It jumped 379.68 points or 0.47% earlier in the day to reach a record high of 79,855.87.
The Nifty declined by 18.10 points or 0.07% to 24,123.85. During the day, it climbed 94.4 points or 0.39% to a lifetime high of 24,236.35.
In the broader market, the BSE mid-cap index fell by 0.57%, while the small-cap index rose slightly by 0.07%.
Among sector indices, telecommunication fell by 1.31%, bankex by 0.91%, auto by 0.74%, and financial services by 0.67%. IT, capital goods, realty, and tech were the winners.
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