Stock market today: Biocon, Vodafone Idea stocks under F&O ban list on Thursday — May 2

Stock market today: Biocon and Vodafone Idea are the two stocks that are part of the F&O ban list by the stock market exchange for May 2.

Livemint
First Published2 May 2024, 06:15 AM IST
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.
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. (Mint)

F&O ban list: Two stocks have been banned for trade on Thursday, May 2, 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: Weekly Stocks: ICICI Direct suggests these two shares to buy or sell this week

F&O ban list today

Biocon and Vodafone Idea are the two stocks in the F&O ban list by the stock market exchange for May 2.

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, the National Stock Exchange (NSE) said.

“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," the NSE statement 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. 

ALSO READ: Sagar Doshi of Nuvama recommends buying these three stocks tomorrow

The stock exchange operator BSE said on Tuesday it is increasing transaction charges on its two most popular options contracts based on the  Sensex and Bankex indices from May 13.

BSE increased charges across various turnover slabs by 24 per cent to 32 per cent.

This comes after markets regulator Sebi sought a higher regulatory fee structure for options contracts, which could eat into the exchange's profits. BSE estimated the total demand from the Securities and Exchange Board of India at 165.00 crore.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess

News in Numbers

Numbers that help you understand news better
₹588.25 Cr

₹20,000 Cr

7.93 Cr

₹8,943 Cr

20 Yrs

First Published:2 May 2024, 06:15 AM IST
HomeMarketsStock MarketsStock market today: Biocon, Vodafone Idea stocks under F&O ban list on Thursday — May 2

Most Active Stocks

Tata Steel

167.05
03:57 PM | 16 JUL 2024
0.25 (0.15%)

Oil & Natural Gas Corporation

322.40
03:58 PM | 16 JUL 2024
-0.15 (-0.05%)

Bandhan Bank

198.30
03:41 PM | 16 JUL 2024
2.95 (1.51%)

Coal India

512.35
03:59 PM | 16 JUL 2024
14.4 (2.89%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Natco Pharma

1,281.05
03:59 PM | 16 JUL 2024
73.2 (6.06%)

Century Textiles & Industries

2,217.55
03:48 PM | 16 JUL 2024
116.85 (5.56%)

Tata Teleservices Maharashtra

81.33
03:54 PM | 16 JUL 2024
4.23 (5.49%)

India Cements

323.05
03:55 PM | 16 JUL 2024
15.8 (5.14%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,246.00928.00
    Chennai
    75,099.00344.00
    Delhi
    74,806.00-460.00
    Kolkata
    75,466.00419.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts