On Monday, November 25, the National Stock Exchange (NSE) prohibited trading in seven equities in the futures and options (F&O) segment because they were trading at more than 95% of the market-wide position limit (MWPL).
These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is updated daily by the NSE.
The seven stocks listed on the NSE’s F&O ban list on November 25 are Aarti Industries, Adani Enterprises, GNFC, Granules India, Hindustan Copper, Indraprastha Gas, and National Aluminium Company.
According to the National Stock Exchange, the derivative contracts in these securities have entered the stock exchange’s suspension period after over 95% of the market-wide position limit.
“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.
When the stock exchanges place F&O contracts in a certain stock during the ban period, no new positions are permitted.
Due to an all-around rise and value purchasing at lower levels, leading equity indices saw a significant recovery on November 22. The Sensex rose 2.54% to regain the 79,000 level.
To close at 79,117.11, the benchmark BSE Sensex surged 1,961.32 points, or 2.54%. It rose 2,062.4 points, or 2.67 per cent, to 79,218.19 over the day.
On the BSE, a total of 2,446 stocks rose, 1,475 fell, and 120 stayed unchanged.
At 23,907.25, the NSE Nifty surged 557.35 points, or 2.39 per cent.
On the weekly front, the Nifty increased 374.55 points, or 1.59 per cent, while the BSE benchmark surged 1,536.8 points or 1.98 per cent.
Both the smallcap index and the BSE mid-cap gauge increased by 0.90 and 1.26 per cent, respectively.
