L&T Finance Holdings, Delta Corp, 4 others placed under F&O ban on NSE for July 24

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Delta Corp, Balrampur Chini Mills Ltd, Indiabulls Housing Finance, Manappuram Finance, L&T Finance Holdings, and Punjab National Bank, are the six stocks that are a part of the F&O ban list by the stock exchange for Monday. 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.

Also Read: FPIs extend buying streak in Indian equities, infuse ₹43,804 crore in July so far; check details In the previous session, benchmark indices tumbled on Friday after a non-stop record-breaking rally, dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook. Decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services (TCS) also added to the bearish trend in equities. Sensex saw a gap-down opening and extended losses and cracked 1,038 points to the intraday low of 66,533.74.