Stock market today: RBL Bank, SAIL, ZEEL among 9 stocks under F&O ban list today

Indian stock market today: A total of 9 stocks have been banned for trade on Thursday, March 14, 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 it 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.

Aditya Birla Fashion and Retail, Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, Tata Chemicals, and ZEEL are the 9 stocks that are part of the F&O ban list by the stock market exchange for March 14.

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.

Equity benchmark index Sensex on Wednesday crashed over 900 points to sink below the 73,000 level due to widespread selling pressure amid a sharp fall in smallcap and midcap indices.

The 30-share index tanked 906.07 points or 1.23 per cent to settle at 72,761.89. During the day, it dropped 1,152.25 points or 1.56 per cent to 72,515.71.

The Nifty plummeted 338 points or 1.51 per cent to 21,997.70.

In the broader market, the BSE smallcap gauge tanked by 5.11 per cent, while the midcap index declined by 4.20 per cent.

All the indices ended in the red, with utilities tumbling 7.21 per cent, metal dropping by 5.75 per cent, services (5.71 per cent), telecommunication (5.45 per cent), oil & gas (5.16 per cent), commodities (4.28 per cent) and industrials (4.23 per cent).