The nine stocks included on the NSE’s F&O ban list today, January 17, are Aditya Birla Fashion, Gang One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers India, L&T Finance, Manappuram Finance, RBL Bank, and Aarti Industries.
F&O Ban List:
On Friday, January 17, the National Stock Exchange (NSE) prohibited trading in nine equities in the futures and options (F&O) sector 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 nine companies included on the NSE’s F&O ban list today, January 17, are Aditya Birla Fashion and Retail, Aarti Industries, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers India, 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.
Following a surge in global markets following lower-than-expected consumer inflation in the US that stoked expectations of further rate reduction by the Federal Reserve, the stock benchmark indexes, the Sensex and Nifty, saw their third consecutive session of growth on January 16.
At 77,042.82, the 30-share BSE index rose 318.74 points, or 0.42 percent, to re-enter the 77,000 mark. It increased 595.42 points, or 0.77 percent, to 77,319.50 throughout the day.
Accordingly, the NSE Nifty increased by 98.60 points, or 0.42 percent, to 23,311.80.
Adani Ports, State Bank of India, Bajaj Finserv, Bharti Airtel, Tata Motors, IndusInd Bank, NTPC, Maruti, Reliance Industries, and Axis Bank were the top three gainers from the 30-share Sensex pack.
Among the laggards were Tata Consultancy Services, Nestle, Infosys, Hindustan Unilever, ITC, and HCL Tech.
