A total of eleven stocks have been subjected to the trading ban on Tuesday, November 21, 2023 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.
BHEL, Chambal Fertilizers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank, and ZEEL are the eleven stocks that are part of the stock exchange’s F&O ban list for the November 21st.
The NSE updates the list of securities in F&O ban for trading daily.
The derivative contracts in the said securities crossed 95 percent of the market-wide position limit and were currently 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.
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.
Benchmark equity indices Sensex and Nifty remained on the back foot for the second straight session on Monday due to selling in auto, utilities and commodities.
In volatile trade, the 30-share BSE Sensex declined 139.58 points, or 0.21%, to settle at 65,655.15. During the day, it fell 246.93 points, or 0.37%, to 65,547.80.
The Nifty fell 37.80 points, or 0.19%, to 19,694, as 27 of its constituents closed in the red, 21 in the green and two unchanged.
In the broader market, the BSE small-bore climbed 0.39% and mid-cap index dipped 0.06%.
Among the indices, automobiles fell 0.69%, commodities decreased 0.66%, capital goods (0.43%), real estate (0.33%) and consumer discretionary (0.30%).
Energy, healthcare, IT and tech were the winners.
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Updated: 20 Nov 2023, 20:14 IST