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Business News/ Markets / Stock Markets/  IndiaBulls Housing Finance, India Cements, Manappuram Finance under F&O ban on NSE today. Details here

A total of three stocks have been put under the ban for trade on Monday, June 5, 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 percent 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 today. 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 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 derivative contracts of Indiabulls Housing Finance Ltd, India Cements and Manappuram Finance by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit," said NSE.

Fresh positions are not allowed for any of the F&O contracts in the particular stock when it is placed under the F&O ban period. The MWPL 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 per cent of the MWPL.

Sensex and the Nifty ended in the green for the second consecutive session on Monday on broadly positive global cues amid hopes of a pause in rate hikes by the US Fed.

Sensex opened 212 points higher at 62,759.19 and rose 396 points to hit the intraday high of 62,943.20. The index closed the day with a gain of 240 points, or 0.38 per cent, at 62,787.47 while the Nifty ended at 18,593.85, up 60 points, or 0.32 per cent.

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Updated: 05 Jun 2023, 11:00 PM IST
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