On March 18, the National Stock Exchange (NSE) implemented a trading ban on five specific stocks within its futures and options (F&O) segment, as these stocks surpassed 95% of the market-wide position limit (MWPL). While these stocks cannot be traded in the F&O segment, they remain available for transactions in the cash market. The NSE refreshes its list of F&O banned securities daily, highlighting its commitment to maintaining orderly trading conditions.
Stocks on the F&O Ban List
The five stocks currently under restriction are:
- BSE Ltd
- Hindustan Copper Ltd
- Indusind Bank
- Manappuram Finance Ltd
- SAIL
The NSE clarified that derivative contracts for these companies have exceeded the set position limit, leading to their ban. According to the exchange, “All clients and members must only engage in trades that reduce their positions through offsetting trades. Any attempt to increase open positions during this period will result in penalties and disciplinary measures.”
Market Performance Update
On March 17, the BSE Sensex made a notable comeback, climbing 341 points and breaking a five-day streak of losses. This rally was fueled by renewed interest in banking stocks and an upswing in global markets. The 30-share Sensex concluded at 74,169.95, with 19 stocks closing positively and 11 in decline. During intraday trading, the index reached a peak of 74,376.35, reflecting a rise of 547.44 points.
The NSE Nifty also experienced growth, gaining 111.55 points or 0.50%, settling at 22,508.75. Among the top performers in the Sensex, stocks like Bajaj Finserv, Mahindra & Mahindra, Axis Bank, and Zomato stood out as significant gainers. Conversely, companies such as ITC, Nestle, and Reliance Industries faced declines.
Key Takeaways
- Five stocks banned from F&O trading as of March 18.
- The BSE Sensex rebounded, gaining 341 points on March 17.
- NSE Nifty increased by 111.55 points.
Investors should remain vigilant regarding the daily updates from the NSE and consider market trends when making trading decisions. Understanding the implications of stock bans in the F&O segment is crucial for effective portfolio management. For further insights into stock market dynamics, check out our articles on market trends and investment strategies.
