These 2 stocks placed under F&O ban on NSE for August 1; check details
A total of two stocks have been put under the ban for trade on Tuesday, August 1, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market.
Piramal Enterprises and Indiabulls Housing Finance are the tow stocks that are a part of the F&O ban list by the stock exchange for Tuesday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.
‘’It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,” said NSE.
No fresh positions are allowed for any of the F&O contracts in the particular stock when placed under the F&O ban period by the stock exchanges.
Meanwhile, the domestic equity market witnessed all-round buying on July 31 which helped the benchmarks Sensex and Nifty end higher amid broadly positive global cues.
After opening nearly flat at 66,156.39 against the previous close of 66,160.20, the Sensex rose 438 points to hit its intraday high of 66,598.42. The index finally closed with a gain of 367 points, or 0.56 per cent, at 66,527.67 while the Nifty rose 108 points, or 0.55 per cent, to close at 19,753.80.
Reliance Industries, TCS, Infosys, HDFC Bank and NTPC ended as the top contributor stocks to the gains in the Sensex index. On the flip side, Kotak Mahindra Bank, ITC and Bajaj Finance ended as the top drags on the index.
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Updated: 31 Jul 2023, 10:44 PM IST
