Nine stocks have been barred from trading in the futures and options (F&O) segment on Wednesday, May 15, 2024, by the National Stock Exchange (NSE) after crossing 95% of the market-wide position limit (MWPL). However, these securities remain available for trading in the cash market.
Balrampur Chini Mills, Birlasoft, Canara Bank, GMR Airports Infrastructure, Hindustan Copper, Vodafone Idea, Piramal Enterprises, SAIL, and ZEEL comprise the nine stocks on the F&O ban list for May 15. The NSE regularly updates this list of securities subject to the F&O ban.
According to the NSE, derivative contracts in these securities have surpassed 95% of the MWPL, prompting their placement in the ban period. During this time, clients and members can only trade in derivative contracts of these securities to reduce their positions. Any increase in open positions may incur penalties.
Fresh positions are prohibited for any F&O contracts in the specified stocks under the ban period set by the stock exchanges. Meanwhile, on May 14, buoyed by retail inflation easing to an 11-month low and buying activity in Reliance Industries, equity benchmark indices surged. The BSE Sensex rose by 328.48 points to settle at 73,104.61, while the NSE Nifty climbed 113.80 points to 22,217.85. Both small-cap and mid-cap indices also saw gains, with the BSE small-cap gauge rising by 1.79% and the mid-cap index by 1.14%.
