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F&O Ban List: India Cements, MCX, ZEEL, 5 others placed under futures & options ban for Nov 20

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The National Stock Exchange (NSE) has placed a total of eight stocks under the trading ban on Monday, November 20, 2023 under the futures and options (F&O) segment. The securities were banned under the F&O segment as it exceeded 95 per cent of the market wide position limit (MWPL), according to the NSE. However, the stock will be available for trading on the money market.

Chambal Fertilizers and Chemicals, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, MCX, RBL Bank, and ZEEL are the eight stocks that are part of the stock exchange’s F&O ban list for November 20.

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

The derivative contracts in the listed securities have breached 95 per cent of the market-wide position limit and are currently placed in the ban period at the stock exchange, 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.

On Friday, the benchmark equity indices Sensex and Nifty edged lower in volatile trade, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets.

The 30-share BSE Sensex declined 187.75 points, or 0.28%, to settle at 65,794.73. During the day, it fell 342.74 points, or 0.51%, to 65,639.74.

The Nifty slipped 33.40 points, or 0.17%, to 19,731.80.

In the broader market, the small-cap gauge BSE climbed 0.36% while mid-cap gained 0.27%.

Among the indices, bankex fell 1.48%, oil & gas fell 1.35%, financial services fell 0.83%, and IT fell 0.10%.

Consumer discretionary, FMCG, healthcare, industrials, capital goods and realty were among the gains.

For the week, the benchmark BSE jumped 890.05 points, or 1.37%, while the Nifty climbed 306.45 points, or 1.57%.

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Updated: 19 November 2023, 3:00 PM IST

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