Jul 28, 2023
NSE FO ban: PNB, BHEL and others under ban on Tuesday, February 14, 2023
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Tuesday, February 14, 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 Tuesday. 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 Monday, the total number of contracts traded in Index futures was 2,64,003 with a turnover of Rs 25,264.02 crore; while contracts traded in stock futures were 8,07,686 with a turnover of Rs 51,791.33 crore.
Indiabulls Housing Finance and Ambuja Cements were put on the F&O ban earlier on Monday, February 13, 2023. The domestic equity indices ended the previous session in red with BSE Sensex falling 250.86 points or 0.41% to 60,431.84 and NSE Nifty 50 plunging 85.60 pts or 0.48% to 17,770.90.
More Details