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Business News/ Markets / Stock Markets/  Stock market today: SAIL, Biocon, ZEEL among 15 stocks under F&O ban list today
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Stock market today: SAIL, Biocon, ZEEL among 15 stocks under F&O ban list today

Aditya Birla Fashion, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, GMR Infra, GNFC, Hindustan Copper, Indus Towers, National Aluminium, Piramal Enterprises, PVR INOX, RBL Bank, SAIL, and ZEEL are the 15 stocks that are part of the F&O ban list by the stock market exchange for Feb 23

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.

F&O ban list: A total of 15 stocks have been banned for trade on Friday, February 23, 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, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, GMR Infra, GNFC, Hindustan Copper, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR INOX, RBL Bank, SAIL, and ZEEL are the 15 stocks that are part of the F&O ban list by the stock market exchange for February 23.

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.

Stocks staged a strong recovery on Thursday, with Nifty notching up a fresh all-time high and Sensex surging over 500 points as investors went on a buying spree in IT, technology and automobile stocks.

After volatility persisted for most part of the session, the benchmark indices rebounded in the last one hour of trading amid improving domestic macroeconomic indicators and positive global cues, including impressive earnings from the US technology space.

The 30-share benchmark Sensex soared 535.15 points or 0.74 per cent to close at 73,158.24 points. As many as 22 Sensex constituents closed in the positive territory and the index touched an intra-day high of 73,256.39 points.

The broader Nifty climbed 162.40 points or 0.74 per cent to hit its highest-ever closing level of 22,217.45 points.

During intraday trade, the index touched the peak of 22,252.50 points and 25 Nifty constituents ended the session with gains. 

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Published: 23 Feb 2024, 06:21 AM IST
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