F&O Prohibited List: The National Stock Exchange (NSE) has banned trading in five stocks in its futures and options (F&O) segment effective Wednesday, May 29, 2024, for crossing 95 per cent of the market-wide position limit (MWPL).
However, these shares can be traded in the spot market.
NSE updates the list of securities subject to F&O trading ban on a daily basis.
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Today’s F&O Ban List
Aditya Birla Fashion and Retail, Biocon, Hindustan Copper, Vodafone Idea and Piramal Enterprises are among the five stocks on the NSE’s May 29 F&O banned list.
The National Stock Exchange (NSE) said in a statement that derivative contracts on the above securities have exceeded 95 per cent of the market-wide position limit and have now been placed under prohibitory period by the stock exchange.
“All clients/members shall hereby trade derivative contracts in the said securities only with a view to reducing their positions through offsetting positions. Any increase in open positions shall be subject to appropriate criminal and disciplinary action,” an NSE statement said.
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If a stock exchange has entered into an F&O agreement on a particular stock during the F&O ban period, no fresh positions will be allowed.
On May 28, the BSE Sensex index slumped 220 points in volatile trade, extending its decline for a third consecutive day, as investors sold power, oil and capital goods stocks on profit-taking ahead of the Lok Sabha election results.
The 30-stock BSE Sensex index traded at 75,170.45, down 220.05 points or 0.29 percent, after trading at an intraday high of 75,585.40 and a low of 75,083.22.
The NSE Nifty, despite starting the day on a strong note, closed down 44.30 points or 0.19 per cent at 22,888.15.
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