Prohibited food and drink list: The National Stock Exchange (NSE) has banned trading in five stocks in its Futures and Options (F&O) sector on Monday, May 6, 2024. According to the NSE, these securities were banned in the F&O sector as they exceeded 95% of the market wide position limit (MWPL).
However, the shares will be able to be traded in the spot market.
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Today’s prohibited food list
ABFRL (Aditya Birla Fashion and Retail Ltd), Balrampur Chini Mills, Biocon, GMR Airports Infrastructure and Vodafone Idea are the five stocks on the F&O ban list by the stock exchanges on May 6.
NSE updates the list of F&O prohibited securities on a daily basis.
According to the National Stock Exchange (NSE), derivative contracts in the mentioned securities exceed 95% of the market-wide position limit and are currently under embargo period by the stock exchange.
“All customers/members are hereby informed that they must trade derivative contracts in such securities solely for the purpose of reducing their positions by offsetting their positions. Appropriate disciplinary and disciplinary action shall be taken against them,” the NSE statement said.
No new positions are allowed on F&O contracts for certain stocks when the stock exchange is under an F&O embargo.
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On Friday, equity benchmark Sensex plunged more than 700 points to below 74,000 points, while Nifty retreated from its all-time high as investors reduced exposure to telecom, capital goods and tech stocks.
The 30-share BSE Sensex fell 732.96 points or 0.98 per cent to settle at 73,878.15 after surging 484.07 points earlier in the day. The benchmark fell 1,627.45 points from the day’s high of 75,095.18 to the day’s low of 73,467.73.
NSE Nifty also fell by 172.35 points or 0.76% to 22,475.85. The benchmark rose 146.5 points, or 0.64%, in early trading to hit a record high of 22,794.70.
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