Adani Ports shares continue to be under F&O ban stock list for trade on NSE today
1 min read . Updated: 06 Feb 2023, 07:39 AM IST
Premium- The Adani Group stock continues to be under the F&O ban for trade on Monday, February 6, 2023
Only one stock, which is part of the Adani Group, has been put under the ban for trade on Monday, February 6, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock has been put on ban under the F&O segment as it has crossed 95% of the market-wide position limit (MWPL), as per the NSE.
Adani Ports continues to be a part of the F&O ban list whereas Ambuja Cements, which was in the list in the past few sessions, has been removed from the list by the stock exchange today. The NSE updates the list of securities in F&O ban for trade everyday.
Shares of ports operator Adani Ports and Special Economic Zone Limited (APSEZ) have been under pressure since last week amid the selloff in Adani Group stocks on concerns over the US-based short seller Hindenburg Research's report.
The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange, said NSE.
“It is hereby informed that all clients/members shall trade in the derivative contracts of said securities only to decrease their positions through offsetting positions," the stock exchange said. "Any increase in open positions shall attract appropriate penal and disciplinary action," NSE added.
No fresh positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL.
