Bandhan Bank (BANDHANBNK), IEX (IEX), PNB (PNB), and ZEEL (ZEEL) Lead 11 Stocks on F&O Ban List Today

<ul>
  <li>Eleven stocks have been banned for trade on Friday, May 24, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE).</li>
  <li>The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.</li>
  <li>However, these stocks will be available for trading in the cash market.</li>
</ul>
<p><strong>Discover the latest updates on the F&O ban list and its implications for traders and investors.</strong></p>
<h2><strong>F&O Ban List for May 24, 2024</strong></h2>
<p>The National Stock Exchange (NSE) has announced that eleven stocks have been placed under the futures and options (F&O) ban list for Friday, May 24, 2024. These stocks have been restricted from F&O trading as they have exceeded 95% of the market-wide position limit (MWPL). The stocks affected include Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, IEX, India Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, PNB, and ZEEL.</p>
<h3><strong>Implications for Traders</strong></h3>
<p>When a stock is placed under the F&O ban, traders are restricted from taking any new positions in the derivative contracts of the said security. The NSE mandates that all clients and members should only trade to decrease their positions through offsetting. Any increase in open positions will attract appropriate penal and disciplinary action. This measure aims to maintain market stability and prevent excessive speculation.</p>
<h3><strong>Market Reaction</strong></h3>
<p>The announcement of the F&O ban list comes on the heels of a significant rally in the Indian stock markets. On May 23, the benchmark indices Sensex and Nifty surged over 1.6%, closing at lifetime highs. The BSE Sensex ended at an all-time peak of 75,418.04, up by 1,196.98 points or 1.61%. Similarly, the NSE Nifty inched closer to the 23,000 mark, closing at 22,967.65, up by 369.85 points or 1.64%. This bullish sentiment has made investors ₹4.28 lakh crore richer.</p>
<h3><strong>Conclusion</strong></h3>
<p>The inclusion of eleven stocks in the F&O ban list underscores the importance of monitoring market-wide position limits to ensure orderly trading. While these stocks are restricted in the F&O segment, they remain available for trading in the cash market. Traders and investors should stay informed about such regulatory measures and adjust their strategies accordingly to navigate the dynamic market landscape.</p>