A total of four stocks have been put under the ban for trade on Thursday, August 3, 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, Hindustan Copper, Indiabulls Housing Finance, and Gujarat Narmada Valley Fertilizers And Chemicals Limited are the four stocks that are a part of the F&O ban list by the stock exchange for Thursday. 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 on August 2, domestic equities suffered solid on an all-round selloff amid weak global cues after rating agency Fitch Ratings downgraded the US credit rating to ‘AA+’ from ‘AAA’ with a ‘stable’ outlook.
Sensex opened 350 points lower at 66,064.41 against the previous close of 66,459.31 and plunged about 1028 points to hit the intraday low of 65,431.68. The index closed with a loss of 677 points, or 1.02 per cent, at 65,782.78 while the Nifty ended at 19,526.55, down 207 points, or 1.05 per cent.
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Updated: 02 Aug 2023, 10:13 PM IST