• Wed. Feb 28th, 2024

L&T Finance Holdings, Delta Corporation and 4 others placed under F&O ban on NSE on July 24

L&T Finance Holdings, Delta Corporation and 4 others placed under F&O ban on NSE on July 24

The National Stock Exchange (NSE) has banned a total of six stocks for trading on Monday, July 24, 2023 under the Futures and Options (F&O) category. According to the NSE, the securities were banned under the F&O category as they crossed 95 per cent of the market wide position limit (MWPL). However, the stock will be available for trading in the cash market.

The National Stock Exchange (NSE) has banned a total of six stocks for trading on Monday, July 24, 2023 under the Futures and Options (F&O) category. According to the NSE, the securities were banned under the F&O category as they crossed 95 per cent of the market wide position limit (MWPL). However, the stock will be available for trading in the cash market.

Delta Corp, Balrampur Chini Mills Ltd, Indiabulls Housing Finance, Manappuram Finance, L&T Finance Holdings and Punjab National Bank are the six stocks that were part of the stock exchange’s F&O ban list on Monday. NSE updates the list of securities on F&O ban for trading every day. Derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit, which are currently in place during the stock exchange ban period, the NSE said.

Delta Corp, Balrampur Chini Mills Ltd, Indiabulls Housing Finance, Manappuram Finance, L&T Finance Holdings and Punjab National Bank are the six stocks that were part of the stock exchange’s F&O ban list on Monday. NSE updates the list of securities on F&O ban for trading every day. Derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit, which are currently in place during the stock exchange ban period, the NSE said.

“All clients/members are hereby advised to trade in derivative contracts of the said security only for the purpose of reducing their positions through offsetting positions. “Any increase in open positions will be subject to appropriate punishment and disciplinary action,” NSE said.

“All clients/members are hereby advised to trade in derivative contracts of this security. “Any increase in open positions will be subject to appropriate punishment and disciplinary action,” NSE said.

No fresh positions are permitted for any F&O contracts in a particular stock when the stock exchanges are placed during the F&O ban period.

No fresh positions are permitted for any F&O contracts in a particular stock when the stock exchanges are placed during the F&O ban period.

The Sensex fell 1,038 points to settle at a low of 66,533.74. The index lost 888 points, or 1.31 percent, to close at 66,684.26, while the Nifty closed down 234 points, or 1.17 percent, at 19,745.

The Sensex rose 1,038 points to settle at a low of 66,533.74. The index lost 888 points, or 1.31 percent, to close at 66,684.26, while the Nifty closed down 234 points, or 1.17 percent, at 19,745.

Overall, IT stocks such as Infosys, HCL Tech and Wipro were the biggest drag on the indices, while resilience in public sector firms and bank stocks including State Bank of India and Kotak Mahindra Bank limited further declines. Traction continued on the broad front, with midcap and smallcap gaining in the range of 0.7 percent-1.8 percent.

Overall, IT stocks such as Infosys, HCL Tech and Wipro were the biggest drag on the indices, while resilience in public sector firms and bank stocks including State Bank of India and Kotak Mahindra Bank limited further declines. Traction continued on the broad front, with midcap and smallcap gaining in the range of 0.7 percent-1.8 percent.

“We expect higher volatility in the coming week due to the scheduled monthly expiration of July derivative contracts. However, the ongoing rally globally, particularly in the US markets, will help keep the tone positive,” said Ajit Mishra, SVP – Technical Research, Religare Broking.

“We expect higher volatility in the coming week due to the scheduled monthly expiration of July derivative contracts. However, the ongoing rally globally, particularly in the US markets, will help keep the tone positive,” said Ajit Mishra, SVP – Technical Research, Religare Broking.

Leave a Reply

Your email address will not be published. Required fields are marked *