F&O Ban List: A total of thirteen stocks were subjected to the trading ban on Tuesday, January 09, 2024, under the futures and options (F&O) segment of the National Stock Exchange (NSE). The securities were banned under the F&O segment as it crossed 95 percent of the market-wide position limit (MWPL), according to the NSE. However, the shares will be available for trading in the cash market.
Balrampur Chini Mills, Bandhan Bank, Chambal Fertilizers and Chemicals, Delta Corp, Escorts, GNFC, Hindustan Copper, Indian Energy Exchange Ltd, India Cements, National Aluminum Company, Piramal Enterprises Limited, SAIL, and ZEEL are the 13 stocks that are part. from the stock exchange’s F&O ban list for January 09.
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The NSE updates the list of securities in the F&O ban for trading on a daily basis.
The derivative contracts in the said securities have crossed 95 percent of the market-wide position limit and have currently been placed in the stock exchange’s blackout period, NSE said.
“It is hereby informed that all clients/members shall trade the derivative contracts of concerned security only to reduce their positions by offsetting positions. Any increase in open positions shall attract appropriate punitive and disciplinary action,” NSE said.
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No fresh positions are allowed for any of the F&O contracts in the particular stock when placed under the F&O ban period by the stock exchanges.
Equity benchmarks Sensex and Nifty surrendered early gains to close with deep losses on Monday, snapping their two-day winning streak.
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The 30-share BSE Sensex tanked 670.93 points or 0.93 percent to settle at 71,355.22. During the day, it fell 725.11 points or 1 percent to 71,301.04.
The Nifty declined 197.80 points or 0.91 percent to 21,513.
In the broader market, BSE’s mid-cap gauge fell 0.87 percent and small-cap index dipped 0.36 percent.
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Published: 09 Jan 2024, 06:21 IST