On Tuesday, December 24, the National Stock Exchange (NSE) prohibited trading in five equities in the futures and options (F&O) segment because they were over 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.
F&O ban list today
The five stocks listed on the NSE’s F&O ban list on December 24 are Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, and RBL Bank.
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.
Value purchasing at lower levels and a positive trend in global markets caused the Sensex and Nifty equity benchmark indices to significantly recover on December 23 following five days of heavy declines.
To close at 78,540.17, the 30-share BSE benchmark Sensex surged 498.58 points or 0.64 per cent. It surged 876.53 points, or 1.12%, to 78,918.12 over the day.
At 23,753.45, the NSE Nifty jumped 165.95 points or 0.70 per cent.
ITC, Tech Mahindra, HDFC Bank, Reliance Industries, IndusInd Bank, Titan, State Bank of India, and ICICI Bank were the top gainers among the 30 blue-chip companies.
While the smallcap index fell 0.60 per cent, the BSE midcap gauge increased 0.10 per cent.
Real estate rose 1.39 per cent, followed by bankex (1 per cent), metal (0.84 per cent), oil and gas (0.83 per cent), FMCG (0.75 per cent), energy (0.67 per cent), and services (0.64 per cent) among sectoral indices.
