On Tuesday, December 17, trading in six equities in the futures and options (F&O) segment was prohibited by the National Stock Exchange (NSE) because they had 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 six stocks listed on the NSE’s F&O ban list on December 17 are Granules India, Hindustan Copper, Manappuram Finance, National Aluminium, 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.
In the face of weak global indications, investors became cautious ahead of the US Fed’s interest rate announcement, and the major indices, the Sensex and Nifty, finished lower on December 16.
The benchmark 30-share BSE Sensex fell 384.55 points, or 0.47 per cent, to end the day at 81,748.57. It fell 581.84 points, or 0.70 cents, to 81,551.28 during the day.
At 24,668.25, the NSE Nifty dropped 100.05 points, or 0.40per per cent.
Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever, and JSW Steel were the largest laggards in the 30-share Sensex blue-chip pack.
Both the small-cap index and the BSE mid-cap gauge increased by 0.47 and 0.73 per cent, respectively.
Sectoral indices saw declines of 0.95 per cent for metal, 0.82 per cent for teck, 0.7per per cent for oil and gas, 0.per centent for BSE-focused IT, and 0.63% for utilities.
