- By Aditya Pratap Singh
- Fri, 24 Jan 2025 05:32 PM (IST)
- Source:JND
Future and Options Ban List Today: Stocks like Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Home, IndiaMART Intermesh, and Dixon Technologies were among the nine shares that were barred from Future and Options trading today. The National Stock Exchange imposed restrictions on trading these securities as they crossed 95% of the market-wide position limit (MWPL). MWPL is the maximum number of contracts that can remain open at any given time.
The stocks included in the list are Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Home, Dixon Technologies, Mahanagar Gas, IndiaMART Intermesh, L&T Finance, Manappuram Finance Ltd, Ltd and Punjab National Bank.
Earlier, RBL Bank was also included in this list on January 2, 2025. On January 20, Bandhan Bank, RBL Bank, and Can Fin Homes were retained in the list as the open interest in the MWPL of their F&O contracts was 83.7%, 87.8% and 80.8%, respectively.
The restrictions will be lifted when the position falls below 80%. Traders are available to trade in the cash market.
What did the NSE say?
The stock exchange in a statement said that the derivative contracts in the below-mentioned security had crossed 95% of the market-wide position limits answers currently under the embargo period.
All clients/members should trade only to reduce their positions by way of offsetting positions in derivative contracts of that security. Any increase in open positions will attract appropriate penal and disciplinary action, NSE further said.
During the embargo period, stock exchanges cannot open new positions while trading F&O contracts in a particular stock.
Stock put in bann list in recent time
Kalyan Jewellers, Aditya Birla Fashion, and Manappuram Finance were also placed on the embargo list on Tuesday. while, Dixon Technologies (India) and Mahanagar Gas were added to the list on Wednesday as the open interest of their F&O contracts reached 115.3% and 97.7%, respectively.
The National Stock Exchange updates the list of securities in the F&O prohibition list daily. In line with global cues, the domestic stock market is likely to open in the green on Friday, January 24.
Despite the broad positive trend in global markets, stock markets rose for the second consecutive day on Thursday led by buying in IT, consumer durables and commodity stocks.
