Stock market today: Bandhan Bank, NMDC, Dixon Technologies, RBL Bank among ten stocks in F&O ban list on October 28

F&O ban list: The National Stock Exchange (NSE) banned trading in ten stocks on Monday, October 28, 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.

F&O ban list today

Aarti Industries, Bandhan Bank, Dixon Technologies, Escorts Kubota, IDFC First Bank, Indiamart Intermesh, L&T Finance, Manappuram Finance, NMDC, and RBL Bank are the ten stocks on the NSE's F&O ban list on October 28.

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 October 25, equity benchmark Sensex plunged about 660 points to crash below the 80,000 level due to widespread selling pressure tracking massive foreign capital outflows and muted earnings growth.

The BSE Sensex plummeted 662.87 points or 0.83 per cent to settle at 79,402.29. During the day, it plunged 927.18 points or 1.15 per cent to a low of 79,137.98.

The NSE Nifty tanked 218.60 points or 0.90 per cent to 24,180.80. The index closed lower for the fourth consecutive week.

On the weekly front, the BSE benchmark tanked 1,822.46 points or 2.24 per cent, and the Nifty fell by 673.25 points or 2.70 per cent.

The BSE smallcap gauge declined by 2.44 per cent, and the midcap index fell by 1.48 per cent.

Among sectoral indices, oil & gas plunged 3.09 per cent, consumer durables tumbled 2.74 per cent, services (2.69 per cent), energy (2.66 per cent), utilities (2.53 per cent), telecommunication (2.38 per cent) and capital goods (2.23 per cent).