IndiaBulls Housing Finance, India Cements, Manappuram Finance under F&O ban on NSE on June 8; check details
1 min read 07 Jun 2023, 10:00 PM ISTIndiabulls Housing Finance Ltd, India Cements and Manappuram Finance are the three stocks that are a part of the F&O ban list by the stock exchange for Thursday.
PremiumA total of three stocks have been put under the ban for trade on Thursday, June 8, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they have crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.
Indiabulls Housing Finance Ltd, India Cements and Manappuram Finance are the three stocks that are a part of the F&O ban list by the stock exchange for Thursday. The NSE updates the list of securities in F&O ban for trade everyday.
The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE on June 7.
‘’It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,'' said NSE. No fresh positions are allowed for any of the F&O contracts in the particular stock when it is placed under the F&O ban period by the stock exchanges.
On June 7, Sensex opened 125 points higher at 62,917.39 and touched the intraday high and low of 63,196.43 and 62,841.95 respectively, before ending with a gain of 350 points, or 0.56 per cent, at 63,142.96 while the Nifty ended at 18,726.40, up 127 points, or 0.68 per cent.
The domestic equities ended with decent gains on Wednesday on all-round buying ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting outcome on June 8 which is expected to maintain the status quo on interest rates. The overall market capitalisation of BSE-listed firms rose to ₹289 lakh crore from ₹286.6 lakh crore in the previous session, making investors richer by ₹2.4 lakh crore in a single day.
