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By EquityPandit

MARKETS

Stocks Under F&O Ban: Dixon Technologies, Aditya Birla Fashion, Mahanagar Gas, and Others 

Picture Source: Internet

Under the futures and options (F&O) segment, nine stocks were banned from trade on Monday, 27 January, by the National Stock Exchange (NSE). The securities banned for the F&O trade are Aditya Birla Fashion and Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), Indiamart Intermesh, L&T Finance, Manappuram Finance, Mahanagar Gas, and Punjab National Bank. 

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

Bandhan Bank, Can Fin Homes, and Punjab National Bank were retained on the list from Friday as the open interest as a percentage of the MWPL of its F&O contracts stood at 81.7%, 82.5% and 88.4%, respectively. L&T Finance derivative contracts’ open interest was 84.4% of its MWPL on 27 January, compared to 83.6% for Dixon Technologies and 86.3% for Indiamart Intermesh. 

Aditya Birla Fashion, Mahanagar Gas, and Manappuram Finance were also retained on the F&O ban list, and the open interest of its MWPL contracts stood at 81.2%, 86.3%, and 84%, respectively.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

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