F&O ban list, Jan 27: L&T Finance, Dixon, PNB among nine stocks; check full list

The National Stock Exchange on Monday banned trading in nine stocks in the futures and options (F&O) segments as these securities crossed 95% of the market-wide position limit (MWPL).

The MWPL is the maximum number of contracts that can be opened at any particular time.

“The derivative contracts in the below mentioned security have crossed 95% of the market-wide position limit and are currently in the ban period,” the stock exchange had said in a statement. “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,” NSE further said.

The ban will be lifted once the position falls below 80%. Traders will be available for trading in the cash market.

No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the ban period.

The National Stock Exchange updates the list of securities on the F&O ban list daily.

Meanwhile, Indian shares are expected to open lower on Monday, pressured by concerns over lacklustre corporate earnings, uncertainty surrounding the US trade policy and persistent foreign outflows.

The GIFT Nifty futures were trading at 22,930.5, as of 7:47 AM, indicating that the blue-chip NSE Nifty 50 will open below Friday's close of 23,092.2.

The NIFTY50 index declined 0.4%, closing the previous week at 23,092, while the SENSEX dropped 0.5%, ending at 76,190. After a brief pause, broader markets resumed their downward trend, with the NIFTY midcap 100 index falling 2.4% and the smallcap 100 index losing over 4%.