The NSE’s F&O ban list for January 14 includes six stocks: Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, and RBL Bank.
F&O Ban List:Â
On Tuesday, January 14, trading in six equities in the (F&O) sector was prohibited by the National Stock Exchange (NSE) because they were over 95% of the market-wide position limit (MWPL). These equities will, nonetheless, be traded on the cash market. The NSE updates the list of securities prohibited from trading by the F&O daily.
The six stocks on the NSE’s F&O ban list as of January 14 are Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, and RBL Bank.
According to the National Stock Exchange, the derivative contracts in these securities have entered the stock exchange’s suspension period after over 95% of the market-wide position limit.
To reduce their positions by offsetting positions, all clients or members must trade in the derivative contracts of the securities above. The NSE statement states, “Any increase in open positions shall attract appropriate penal and disciplinary action.”
No new positions are permitted when the stock exchanges place F&O contracts in a particular stock during the ban period.
The market benchmark Sensex fell more than 1,000 points to below 77,000 on January 13 due to a rise in oil prices and significant global stock sales.
The 30-share BSE benchmark, Sensex, fell 1,048.90 points, or 1.36 percent, to close at 76,330.01, marking the fourth consecutive day it lost. It fell 1,129.19 points, or 1.45%, to 76,249.72 throughout the day.
On the BSE, 131 stocks stayed the same, 555 stocks increased, and 3,562 stocks fell.
Additionally, 120 stocks touched the one-year high mark, while 508 stocks fell to their 52-week lows.
The NSE Nifty closed at 23,085.95, down 345.55 points, or 1.47 percent.
Zomato started the day down 6.15 percent from the 30-share blue-chip group. Other significant laggards were Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma, and UltraTech Cement.
