Adani Group stock continues to trade under F&O restrictions on Monday, February 6, 2023
Only one stock, which is part of the Adani Group, has been restricted for trading under the Futures and Options (F&O) segment by the National Stock Exchange (NSE) on Monday, February 6, 2023. The stock has been restricted under the F&O segment as it has crossed 95% of the market-wide position limit (MWPL) as per NSE.
Adani Ports continues to be part of the F&O ban list, while Ambuja Cements, which was on the list in the last few sessions, has been delisted by the stock exchange today. NSE updates the list of securities in the F&O limit for trading daily.
Shares of ports operator Adani Ports and Special Economic Zone Ltd (APSEZ) have been under pressure since last week as Adani Group shares were sold on a report by US-based short seller Hindenburg Research.
NSE said that the derivative contracts in the mentioned securities have crossed 95% of the market wide position limit and hence are currently put in the ban period by the stock exchange.
"It is hereby informed that all clients/members shall trade in derivative contracts of the above securities only to reduce their positions by way of offsetting positions," the stock exchange said. "Any increase in open positions will attract appropriate penal and disciplinary action," NSE added.
No fresh positions are allowed for any F&O contract in a particular stock under the F&O restriction period. MWPL (Market-Wide Position Limit) is set by the stock exchanges which is the maximum number of contracts that can be opened at any point of time (Open Interest), therefore, F&O contracts of that stock enter into a restriction period if open Interest crossed 95% of MWPL.
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