F&O Ban List: On Tuesday, June 25, 2024, the National Stock Exchange (NSE) announced the ban of trading in eight stocks within the futures and options (F&O) segment due to these securities exceeding 95% of the market-wide position limit (MWPL). Despite this restriction, these stocks remain available for trading in the cash market.
F&O Ban List for June 25
The stocks currently on the NSE’s F&O ban list are:
- Balrampur Chini Mills
- Chambal Fertilisers and Chemicals
- GNFC
- Granules India
- Indus Towers
- Piramal Enterprises
- PNB
- SAIL
The NSE has placed these stocks in the ban period as their derivative contracts have surpassed 95% of the MWPL. During this period, trading in these securities’ derivative contracts is restricted to reducing positions through offsetting trades. The NSE 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.”
No new positions are permitted in the F&O segment for these stocks while they are under the ban.
Market Performance on June 24
On June 24, equity benchmarks Sensex and Nifty ended higher, driven by buying in power, auto, and industrial stocks, which helped the indices recover from early losses amid a bearish global equity market trend.
- The 30-share BSE Sensex closed up by 131.18 points, or 0.17%, at 77,341.08. Initially, the benchmark had fallen by 463.96 points, or 0.60%, to 76,745.94.
- Later in the day, it rebounded by 213.12 points, or 0.27%, to reach 77,423.02.
- The Nifty increased by 36.75 points, or 0.16%, to settle at 23,537.85.
In the broader market, the BSE mid-cap gauge climbed by 0.37%, and the small-cap index rose by 0.27%.
