The National Stock Exchange (NSE) has implemented a trading ban on seven stocks under the futures and options (F&O) segment due to their crossing of 95% of the market-wide position limit (MWPL). Although these securities have been placed under the F&O ban, they remain available for trading in the cash market.
The following seven stocks have been included in the F&O ban list by the NSE for the specified trading day: RBL Bank, GMR Infrastructure, Hindustan Copper, Indiabulls Housing Finance, Sun TV Network, Escorts Kubota, and Manappuram Finance.
The NSE frequently updates the list of securities in F&O ban based on their position limits in the market. The ban restricts the initiation of new positions in the mentioned stocks’ derivative contracts, aiming to manage market risk and maintain orderly trading conditions.
The NSE emphasized that clients and members should only engage in trading derivative contracts of these securities to reduce their existing positions through offsetting trades. Any increase in open positions during the ban period will lead to appropriate penalties and disciplinary actions.
In contrast, in the recent trading session, domestic equity benchmarks Sensex and Nifty experienced gains for the second consecutive day. The positive performance was driven by increases in select heavyweights like HDFC Bank and Tata Steel, boosted by favorable global cues.
The Sensex concluded the session with a gain of 79 points (0.12%) at 65,075.82, while the Nifty50 climbed 37 points (0.19%) to 19,342.65. During the same session, midcap and smallcap indices outperformed the benchmark indices, with the BSE midcap index rising by 0.45% and the smallcap index recording a gain of 0.69%.
