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Business News/ Markets / Stock Markets/  Stock market today: Bandhan Bank, SAIL, ZEEL stocks under F&O ban list today
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Stock market today: Bandhan Bank, SAIL, ZEEL stocks under F&O ban list today

Bandhan Bank, SAIL, and ZEEL are the 3 stocks that are part of the F&O ban list by the stock market exchange for April 09.

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.Premium
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 stock market today: A total of three stocks have been banned for trade on Tuesday, April 09, 2024, 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 crossed 95% of the market-wide position limit (MWPL), according to the NSE.

However, the stocks will be available for trading in the cash market.

Also Read: UltraTech to ACC: Should you Buy, Sell or Hold cement stocks ahead of Q4 results

F&O ban list today

Bandhan Bank, SAIL and ZEEL are the three stocks that are part of the F&O ban list by the stock market exchange for April 09.

The NSE updates the list of securities in the F&O ban for trade every day.

The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and 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 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 placed under the F&O ban period by the stock exchanges.

On Monday, the Indian stock market indices Sensex and Nifty reached their fresh record highs amid optimism in global markets and foreign fund inflows.

The 30-share BSE Sensex jumped 494.28 points or 0.67 per cent to settle at a new closing peak of 74,742.50. During the day, it zoomed 621.08 points or 0.83 per cent to reach a record intra-day high of 74,869.30.

Also Read: Stock market holiday: BSE, NSE to remain closed on May 20 amid Lok Sabha elections in Mumbai

The NSE Nifty climbed 152.60 points or 0.68 per cent to 22,666.30. During the day, it jumped 183.6 points or 0.81 per cent to hit a lifetime high of 22,697.30.

In the broader market, the BSE midcap gauge climbed 0.26 per cent while smallcap index dipped 0.06 per cent.

Read all stock market news here

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Published: 09 Apr 2024, 06:16 AM IST
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