F&O ban list: The National Stock Exchange (NSE) banned trading in five stocks on Tuesday, November 12, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL).
However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.
Aarti Industries Ltd, Aditya Birla Fashion and Retail Ltd, Granules India, Hindustan Copper Ltd, and Manappuram Finance Limited are the five stocks on the NSE's F&O ban list on November 12.
The NSE said the derivative contracts in these securities crossed 95% of the market-wide position limit and have been placed in the stock exchange's ban period.
“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.
No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the ban period.
On November 11, benchmark stock indices Sensex and Nifty closed flat in highly volatile trade as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.
After gyrating between highs and lows, benchmark Sensex eked out gains of 9.83 points or 0.01 per cent to settle at 79,496.15. The barometer gyrated 1,100.8 points between the day's high of 80,102.14 and a low of 79,001.34.
The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30.
From the 30-share Sensex pack, Asian Paints tumbled over 8 per cent after the company on Saturday reported a 43.71 per cent decline in consolidated net profit to ₹693.66 crore for the September quarter, impacted by soft-demand conditions, material price inflation and a decline in decorative and coatings business in the domestic market.
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