The National Stock Exchange (NSE) has banned three stocks from trading in the futures and options (F&O) segment on April 24th. Hindustan Copper, Vodafone Idea, and ZEEL are part of this list. The NSE updates this ban list daily to ensure compliance with market-wide position limits. Any increase in open positions for these securities will result in appropriate actions by the NSE. Clients and members are advised to only trade in these securities to decrease their positions. Additionally, no fresh positions are allowed in these stocks until the ban is lifted.
Meanwhile, the equity benchmark indices closed higher for the third consecutive session, with Nifty ending 0.14% up at 22,368. Telecom, tech, and consumer durable shares drove these gains amid positive global market trends. In broader terms, BSE smallcap rose by 1.05% while the midcap index increased by 0.52%. Various sectors such as telecommunications, realty, teck, utilities, consumer durables, consumer discretionary, and commodities witnessed notable gains.
The National Stock Exchange (NSE) has imposed a ban on three stocks under the futures and options (F&O) segment for exceeding 95% of the market-wide position limit (MWPL) on April 24, 2024. Hindustan Copper, Vodafone Idea, and ZEEL are the stocks included in the ban list for that day. The NSE regularly updates the list of securities under the F&O ban. The NSE stated that derivative contracts of these securities have surpassed the MWPL and are currently under the ban period. Clients and members are advised to only trade in these contracts to reduce their positions. Any increase in open positions will result in appropriate action.
No new positions are permitted in the F&O contracts of these stocks during the ban period. The Nifty and Sensex indices closed higher for the third consecutive session, driven by gains in telecom, tech, and consumer durable shares, along with a positive global market trend. The Nifty ended the day with a slight increase after reaching a higher point earlier. In the broader market, the BSE smallcap and midcap indices also saw gains. Various sectors such as telecommunication, realty, teck, utilities, consumer durables, consumer discretionary, and commodities experienced positive movements.
