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F&O Ban List: GNFC placed under futures & options ban for Nov 2


The National Stock Exchange (NSE) has placed only one stock under the trading ban on Thursday, November 2, 2023 under the futures and options (F&O) segment. The stock was banned under the F&O segment as it exceeded 95 percent of the market wide position limit (MWPL), according to the NSE. However, the stock will be available for trading on the money market.

GNFC is the only stock under F&O ban at the stock exchange for November 2.

The NSE updates the list of securities in the F&O ban on trading on a daily basis.

The listed derivative contract has crossed 95 percent of the market-wide position limit and the stock exchange has currently been placed in the prohibition period, NSE said.

“It is hereby notified that all clients/members shall trade in derivative contracts of that security only to reduce their positions through offsetting positions. Any increase in open positions will be subject to appropriate punitive and disciplinary action,” NSE said.

No fresh positions are allowed for any of the M&O contracts in the particular stock when they are placed under the M&O ban period at the stock exchanges.

Indian equity indices fell for the second day in a row on Wednesday on selling in metal, power, auto and banking stocks.

The 30-share BSE Sensex fell 283.60 points, or 0.44%, to end at 63,591.33. During the day, it fell 324.47 points, or 0.50%.

The Nifty edged down 90.45 points, or 0.47%, at 18,989.15.

In October, manufacturing activity fell to an 8-month low as new orders rose at the slowest pace in a year, a monthly survey said Wednesday.

India’s seasonally adjusted S&P Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in September to 55.5 in October, the slowest rate of expansion since February.

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Updated: 01 November 2023, 10:15 PM IST

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