Twelve stocks have been barred from trading in the futures and options (F&O) segment on Thursday, May 16, 2024, by the National Stock Exchange (NSE) after exceeding 95% of the market-wide position limit (MWPL). However, these securities will remain available for trading in the cash market.
The stocks included in the F&O ban list for May 16 are Balrampur Chini Mills, Biocon, Birlasoft, GMR Airports Infrastructure, Granules India, Hindustan Copper, Vodafone Idea, India Cements, LIC Housing Finance, Piramal Enterprises, SAIL, and ZEEL. The NSE updates this list daily.
According to the NSE, clients and members are allowed to trade in derivative contracts of these securities only to reduce their positions. Any increase in open positions will result in appropriate penal and disciplinary action.
No new positions are permitted for any of the F&O contracts of the mentioned stocks during the ban period.
The Sensex closed lower by 117 points on May 15, ending a three-day winning streak. Selling pressure in heavyweight shares like HDFC Bank, Reliance Industries, and TCS contributed to the decline. The BSE Sensex settled at 72,987.03, while the Nifty closed at 22,200.55, with the broader market outperforming the frontline indices. The smallcap index rose by 0.96%, and the midcap index climbed by 0.60%.
