Only one stock was placed under the trading ban on Friday, November 3, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock was 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.
GNFC is the only stock that is under the stock exchange’s F&O ban as of November 3.
The NSE updates the list of securities in F&O ban for trading daily.
The derivative contract in the said list crossed 95 percent of the market-wide position limit and was 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.
Indian stocks rebounded on Thursday, cutting their two-day losses after a rally in global markets after the US Federal Reserve kept interest rates unchanged.
The BSE 30-share Sensex jumped 489.57 points, or 0.77%, to settle at 64,080.90. During the day, it collected 611.31 points, or 0.96%, to 64,202.64.
The broader Nifty climbed 144.10 points, or 0.76%, at 19,133.25.
In the previous two sessions, Nifty dropped nearly 152 points while Sensex shed 521 points.
In the broader market, the BSE mid-cap gauge jumped 1.20% and small cap gained 0.97%.
All indices ended with gains, with real estate rallying 2.55%, telecom jumping 2.42%, metal (1.68%), power (1.60%), capital goods (1.15%), consumer durables (1.13%), commodities (1.10%).