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Business News/ Markets / Stock Markets/  Stock market today: Zee, Ashok Leyland, Bandhan Bank, Biocon, SAIL among 11 stocks under F&O ban list today
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Stock market today: Zee, Ashok Leyland, Bandhan Bank, Biocon, SAIL among 11 stocks under F&O ban list today

Aditya Birla Fashion, Ashok Leyland, Bandhan Bank, Biocon, Canara Bank, Hindustan Copper, India Cements, Indus Towers, National Aluminium, SAIL, and ZEEL are the 11 stocks that are part of the F&O ban list by the stock market exchange for Feb 20

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 11 stocks have been put under the ban for trade on Tuesday, February 20, 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, Bandhan Bank, Biocon, Canara Bank, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, SAIL, and ZEEL are the 11 stocks that are part of the F&O ban list by the stock market exchange for February 20.

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.

Also Read: Dividend stocks: SAIL, Coal India, Apollo Hospitals, MSTC among 14 stocks to trade ex-dividend today

Stock markets closed higher for the fifth consecutive day on Monday with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares.

The 30-share BSE Sensex rose by 281.52 points or 0.39 per cent to close at 72,708.16. As many as 17 Sensex shares advanced while 13 closed in the red. After a firm start, the index hit a high of 72,881.93 in day trade.

The broader Nifty closed at its all-time high of 22,122.25 points, up by 81.55 points or 0.37 per cent from the last close.

The 50-issue barometer also scaled its intra-day record high of 22,186.65 helped by gains in pharma, banking and oil shares.

In the broader market, the BSE Midcap rose by 0.29 per cent while BSE SmallCap gained 0.77 per cent, beating bigger peers. The BSE largecap was up 0.35 per cent.

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Published: 20 Feb 2024, 06:14 AM IST
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