Hindustan Copper emerges as the lone stock subjected to trade restrictions in the futures and options (F&O) segment by the National Stock Exchange (NSE) for April 3, 2024. The stock has been barred from F&O trading due to exceeding 95% of the market-wide position limit (MWPL), as reported by the NSE.
However, despite the F&O restriction, the stock remains available for trading in the cash market.
The NSE regularly updates its list of securities under F&O trade bans, with Hindustan Copper being the sole inclusion for this trading day.
According to the NSE, derivative contracts for the specified securities that surpass 95% of the MWPL are temporarily placed under the F&O ban. Clients and members are instructed to only execute trades in derivative contracts for these securities to reduce their positions through offsetting positions. Any increase in open positions is subject to appropriate penalties and disciplinary actions.
During Tuesday’s trading session, the stock market saw a reversal from its three-day winning streak, with the benchmark Sensex declining by 110 points. This was attributed to profit-taking in select IT, private bank, and auto shares, coupled with weak cues from US markets and foreign fund outflows.
The BSE Sensex settled at 73,903.91, down by 0.15%, with 16 components ending lower and 14 higher. The NSE Nifty closed marginally lower at 22,453.30, despite a late recovery.
Sector-wise, while teck and IT saw declines, consumer durables, services, and metal sectors registered gains. The broader market also witnessed positive movements, with the BSE smallcap and midcap indices climbing notably.
