Due to its exceeding 95% of the market-wide position limit (MWPL), the National Stock Exchange (NSE) prohibited trading in six equities in the futures and options (F&O) segment on Monday, December 23.
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.
F&O ban list today
Listed on the NSE’s F&O ban list on December 23 are the following six stocks: Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank, and SAIL.
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 risk aversion in global markets following the US Federal Reserve’s hawkish posture, the stock benchmark indices, the Sensex and Nifty, fell by roughly 1.5% on December 20, continuing their downward trend for the fifth consecutive day.
At 78,041.59, the 30-share BSE benchmark fell 1,176.46 points, or 1.49 percent. It fell 1,343.46 points, or 1.69 per cent, to 77,874.59 during the day.
At 23,587.50, the NSE Nifty fell 364.20 points, or 1.52%.
Tata Motors, Larsen & Toubro, State Bank of India, Tech Mahindra, IndusInd Bank, Axis Bank, Mahindra & Mahindra, Tata Consultancy Services, UltraTech Cement, and Reliance Industries were the largest laggards among the Sensex pack.
On the other hand, Titan, Nestle, and JSW Steel benefited.
Due to the US dollar index’s softening and possible Reserve Bank of India intervention, the rupee recovered from its all-time low and gained 9 paise to settle at 85.04 against the US dollar on Friday.
The rupee opened at 85.07 vs the US dollar at the interbank foreign exchange. It saw intraday highs of 84.95 and 85.12 during the day before closing the session at 85.04 vs the dollar, up 9 paise from its previous close.
