F&O Ban List: Delta Corp, 5 others placed under F&O ban

In this article, we will talk about the F&O Ban List. Futures and Options (F&O) derivate products in the stock market. A total of six stocks were put under the ban for trade on Tuesday, 10 October 2023 under the futures and options (F&O) segment by the National Stock Exchanges (NSE). The protection has been put on ban under the F&O part as it crossed 95% of the market-wide position limit (MWPL). Since the news came on the internet and it went viral on the social media platforms. Now people must be curious to know about the whole information about the news. In this article, we will try to give complete information about the news.

F&O Ban

As per the report, the stock is going to be available for trading in the cash market. Delta Corp, L&T Finance Holdings Ltd, Manappuram Finance Ltd, Indiabulls Housing Finance, Punjab National Bank, and MCX have been the six stocks that are a part of the F&O ban list by the stock exchange for 10 October. The NSE updated the list of the securities in the F&O ban for trade every day. Scroll down to the next page for more information about the news.

As per the report, NSE stated, that the derivative agreements in the mentioned securities have crossed 95% of the market-wide position limit and have been currently put in the ban period by the stock exchange. Also added, It is hereby informed that all clients/ members shall trade in the derivative contracts of stated protection only to reduce their positions through offsetting positions. Any increase in open positions shall draw suitable penal and corrective action. No new positions have been allowed for any of the F&O contracts in the particular stock when established under the F&O ban period by the stock exchange. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, On Monday, Indian equities markets fell on a sell-off in finance, baking, and power stocks. Escalating tension in the Middle East and surging crude oil prices also considered investors’ sentiments. The 30-share BSE Sensex fell 483.24 points or 0.73% to close at 65,512.39. The broader NSE Nifty fell 141.15 points, or 0.72%, to 19,512.35. Among sectoral indices, capital goods dropped 1.34%, commodities declined 1.30%, banks fell 1.04%, and auto slipped 0.95%. On Monday, the Indian rupee was 1 paise at 83.28 against the US dollar. Here we have shared all the information that we had. Stay connected with us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.