PNB, MCX, and 4 other companies were put on the NSE's F&O suspension list for October 11
The National Stock Exchange (NSE) has prohibited trading in a total of six equities on Wednesday, October 11, 2023 in the futures and options (F&O) sector. According to the NSE, the securities have been banned from trading in the F&O sector because they exceeded 95% of the MWPL. The shares will nonetheless be accessible for trading on the cash market.
The six stocks on the stock exchange's financial and operational ban list for October 11 are: MCX, L&T Finance Corporation Ltd., Manappuram Finance Ltd., Punjab National Bank, Indiabulls Housing Finance, and Delta Corp. Every day, the NSE updates its list of securities that are banned from trading in F&O.
The stock exchange has presently placed the derivative contracts in the aforementioned securities that have surpassed 95% of the market-wide position limit in the ban period, according to NSE.
"Please note that all customers and members are required to exclusively trade in derivative contracts for the purpose of reducing their holdings via offsetting positions. Any increase in open posts will result in the necessary sanctions and disciplinary action, according to NSE.
When the stock exchanges impose the F&O ban period, no new positions are permitted for any F&O contracts in the specific stock.
Following increases in financials, auto, and IT firms on Tuesday, Indian stock indexes increased by about 1%.
The 30-share BSE Sensex rose 566.97 points, or 0.87%, to conclude at 66,079.36; 26 of its components saw positive closing prices; four posted negative closing prices.
The index rose 400 points fast at the start of the day before soaring to the day's high of 66,180.17.
BSE SmallCap index increased by 1.14%, while BSE Midcap index increased by 1.4%.
Gains in Coal India, Adani Ports, and Bharti Airtel propelled the National Stock Exchange's wider Nifty index up 177.50 points, or 0.91%, to close at 19,689.85.
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