On May 22, 2024, thirteen stocks were banned from trading in the futures and options (F&O) segment by the National Stock Exchange (NSE).
The ban was due to these stocks exceeding 95% of the market-wide position limit (MWPL), as per NSE's report. Despite the F&O ban, these stocks can still be traded in the cash market.
The stocks under the ban include:
- India Energy Exchange
- National Aluminium Company
- Punjab National Bank
- Bandhan Bank
- Piramal Enterprises
- India Cements
- Aditya Birla Capital
- Zee Entertainment Enterprises
- Balrampur Chini Mills
- Biocon
- Vodafone Idea
- Granules India
- GMR Airports Infrastructure
The NSE updates the list of F&O banned securities daily. The derivative contracts of these securities have surpassed 95% of the MWPL, leading to the ban. The NSE's statement requires all clients and members to reduce their positions in these contracts through offsetting transactions. Increasing open positions in these banned securities will result in penal and disciplinary actions. No new positions can be initiated in any F&O contracts of these stocks during the ban period.
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