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2 stocks under M&O ban from trading on NSE today. Details inside


A total of two stocks were placed under trading ban in the futures and options (F&O) segment by the National Stock Exchange (NSE) on Friday, March 10, 2023. The securities are prohibited under the M&O segment because they have exceeded 95% of the market-wide position limit (MWPL), according to the NSE.

Balrampur Chini and GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd) are the two stocks listed today on the F&O ban list. The NSE updates the list of securities in F&O ban for trading every day.

The derivative contracts in the said securities have exceeded 95% of the market-wide position limit and are therefore currently placed in the ban period by the exchange, according to NSE.

“It is hereby notified that all Clients/Members will only trade in the derivative contracts of said securities to reduce their positions through Offset Positions,” the exchange said. “Any increase in open positions will lead to appropriate criminal and disciplinary action,” NSE added.

No new positions are allowed for any of the M&O contracts in that particular stock when it falls under the M&O prohibition period. The MWPL (market wide position limit) is set by the exchanges, which is the maximum number of contracts that can be open at any given time (Open Interest). crosses 95% of the MWPL.

Meanwhile, Indian indices could see a lower start for Friday as SGX Nifty, Singapore Nifty, which is the Indian Nifty traded on the Singapore Stock Exchange, signals a negative open for the Indian stock market today.

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Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.