Vodafone Idea, Piramal Enterprises, PNB: 9 Stocks Including Coin Name & Symbol Under F&O Ban Today

  • The National Stock Exchange (NSE) has placed a ban on trading nine stocks under the futures and options (F&O) segment on Tuesday, May 14, 2024.
  • The stocks have been banned as they have crossed 95% of the market-wide position limit (MWPL).
  • Despite the ban, these stocks will remain available for trading in the cash market.

The NSE has banned nine stocks from trading under the F&O segment as they crossed the MWPL. However, these stocks will still be available for trading in the cash market.

F&O Ban List: The Affected Stocks

Balrampur Chini Mills, Canara Bank, GMR Airports Infrastructure, Hindustan Copper, Vodafone Idea, Piramal Enterprises, PNB, SAIL, and ZEEL are the nine stocks in the F&O ban list of the stock market exchange for May 14. The NSE updates this list daily. The derivative contracts in these securities have crossed 95% of the MWPL, leading to their current ban period.

Implications of the Ban

The NSE has stated that clients/members can only trade in the derivative contracts of these securities to decrease their positions. Any increase in open positions will attract penal and disciplinary action. No fresh positions are allowed for any of the F&O contracts in these stocks when placed under the F&O ban period by the stock exchanges.

Market Performance on May 13

On May 13, benchmark equity indices Sensex and Nifty staged a dramatic rebound to settle higher following buying in index heavyweights like HDFC Bank, ICICI Bank and Tata Consultancy Services. The 30-share BSE Sensex closed higher by 111.66 points or 0.15 per cent at 72,776.13. The NSE Nifty rose by 48.85 points or 0.22 per cent to end at 22,104.05.

Conclusion

The ban on these nine stocks under the F&O segment by the NSE is a significant development for traders and investors. While these stocks remain available for trading in the cash market, the ban restricts their trading under the F&O segment. Market participants will need to adjust their strategies accordingly. The market’s performance on May 13, with a rebound in the Sensex and Nifty, provides some positive news amidst these developments.

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