The National Stock Exchange (NSE) has imposed a ban on trading in the futures and options (F&O) segment for four stocks on Wednesday, June 26, 2024. These stocks have exceeded 95% of the market-wide position limit (MWPL). Despite the ban in the F&O segment, these stocks will still be available for trading in the cash market.
F&O Ban List for June 26
The stocks on the F&O ban list are:
- GNFC
- Indus Towers
- PNB
- SAIL
According to the NSE, the derivative contracts in these securities have surpassed 95% of the MWPL and have been placed under the ban period. The exchange has stated, “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.”
When a stock is placed in the F&O ban period, no new positions are allowed in the F&O contracts of that stock.
Market Performance on June 25
On June 25, the benchmark Sensex breached the historic 78,000 level for the first time, while the Nifty reached a new record high. The 30-share BSE Sensex surged 712.44 points, or 0.92%, to close at a new peak of 78,053.52. During the day, it soared 823.63 points, or 1%, to a lifetime high of 78,164.71. The Sensex had crossed the 77,000 mark for the first time on June 10.
The Nifty gained 183.45 points, or 0.78%, to close at a record high of 23,721.30. It climbed 216.3 points, or 0.91%, to an intra-day high of 23,754.15.
In the broader market, the BSE mid-cap gauge declined by 0.26%, while the small-cap index dipped by 0.03%.
