Dec 9, 2022
NSE FO ban: Indiabulls Housing Finance, PNB and others under ban on Wednesday, February 15, 2023
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Wednesday, February 15, 2023. BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Earlier, on Tuesday, the total number of contracts traded in Index futures was 3,09,461 with a turnover of Rs 29,812.52 crore; while contracts traded in stock futures were 8,03,705 with a turnover of Rs 52,041.47 crore.
The same stocks, BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) were put on the F&O ban earlier on Tuesday, February 15, 2023. The domestic equity indices ended the previous session broadly in green with BSE Sensex surging 600.42 points or 0.99% to 61,032.26 and NSE Nifty 50 rising 158.95 pts or 0.89% to 17,929.85.
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