F&O ban list: A total of fifteen stocks have been put under the ban for trade on Tuesday, January 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.
Bandhan Bank, BHEL, Biocon, Chambal Fertilisers and Chemicals, Delta Corp, Escorts, Hindustan Copper, India Cements, Indus Towers, Metropolis Healthcare, Piramal Enterprises Limited, Polycab, PVR INOX, SAIL, and ZEEL are the 15 stocks that are a part of the F&O ban list by the stock market exchange for January 16.
The NSE updates the list of securities in the F&O ban for trade every day.
The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.
“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,” said NSE.
No fresh positions are allowed for any of the F&O contracts in the particular stock when placed under the F&O ban period by the stock exchanges.
Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered by a rally in IT shares, Reliance and HDFC Bank.
Rising for the fifth day in a row, the 30-share BSE Sensex jumped 759.49 points or 1.05 per cent to settle at a lifetime closing high of 73,327.94. During the day, it rallied 833.71 points or 1.14 per cent to hit an all-time intra-day peak of 73,402.16.
The Nifty climbed 202.90 points or 0.93 per cent to settle at a new closing high of 22,097.45. During the day, it zoomed 221 points or 1 per cent to reach a lifetime intra-day high of 22,115.55.
In the broader market, the BSE midcap gauge climbed 0.67 per cent and smallcap index rallied 0.11 per cent.
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