F&O ban list: A total of 15 stocks have been banned for trade on Thursday, February 22, 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.
Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, GMR Infra, GNFC, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR INOX, RBL Bank, and ZEEL are the 15 stocks that are part of the F&O ban list by the stock market exchange for February 22.
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 indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues.
The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434.31 points or 0.59 per cent lower at 72,623.09 points. It touched the intra-day low of 72,450.56, down 0.83 per cent from the previous closing level of 73,057.40 points.
Similarly, the broader Nifty also paired all its intraday gains before closing 141.90 points or 0.64 per cent down at 22,055.05 points.
In the Sensex pack, 20 stocks ended in the red while 37 of the Nifty constituents closed the session with losses.
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