On Wednesday, September 25, the National Stock Exchange (NSE) imposed a trading ban in the futures and options (F&O) segment on five stocks, including Aditya Birla Fashion and Retail, Granules India, Hindustan Copper, Vodafone Idea, and IEX, as these stocks surpassed 95% of the market-wide position limit (MWPL). Despite this restriction, these stocks will still be available for trading in the cash market. The NSE regularly updates the F&O ban list on a daily basis.
The ban means that only position reductions are allowed in these securities, and any attempts to increase open positions will result in penalties or disciplinary measures. New positions cannot be opened during the ban period, according to the NSE’s guidelines.
On the previous day, September 24, the Sensex crossed the 85,000 mark, and the Nifty hit 26,000 for the first time. However, the markets later retreated due to profit-booking, with the Sensex ending the day slightly down by 14.57 points at 84,914.04. Despite an initial rise of 234.62 points in morning trade, reaching a peak of 85,163.23, the Sensex fell to a low of 84,716.07 during the afternoon session. Meanwhile, the Nifty gained 1.35 points to close at a new high of 25,940.40 after briefly touching an all-time intra-day high of 26,011.55, driven by metal shares on the back of China’s economic stimulus measures.
