F&O ban list:The National Stock Exchange (NSE) banned trading in 16 stocks on Wednesday, August 21, 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, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, India Cements, LIC Housing Finance, Manappuram Finance, National Aluminium, Piramal Enterprises, RBL Bank, SAIL, and Sun TV are the 16 stocks on the NSE's F&O ban list on August 21.
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 August 20, stock market benchmark indices Sensex and Nifty found firmer ground on Tuesday, propelled by robust buying in banking, financial and auto stocks amid a largely firm trend in global equities.
The 30-share BSE Sensex rebounded 378.18 points or 0.47 per cent to settle at 80,802.86. During the day, the benchmark soared 518.28 points or 0.64 per cent to 80,942.96.
Rising for the fourth consecutive day, the NSE Nifty surged 126.20 points or 0.51 per cent to 24,698.85.
In the broader market, the BSE mid-cap gauge climbed 0.98 per cent and smallcap index went up by 0.52 per cent.
Among the indices, financial services jumped 1.19 per cent, utilities (1.07 per cent), power (0.80 per cent), IT (0.76 per cent) and auto was up (0.75 per cent).
Capital Goods and FMCG were the laggards.
