Stock market today: Biocon, LIC Housing Finance, Piramal Enterprises, ZEE among 12 stocks under F&O ban list on May 16

livemint.com:

F&O ban list: Twelve stocks have been banned for trade on Thursday, May 16, 2024, 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 they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, these stocks will be available for trading in the cash market.

F&O ban list today Balrampur Chini Mills, Biocon, Birlasoft, GMR Airports Infrastructure, Granules India, Hindustan Copper, Vodafone Idea, India Cements, LIC Housing Finance, Piramal Enterprises, SAIL, and ZEEL are the twelve stocks in the F&O ban list of the stock market exchange for May 16. The NSE updates the list of securities in the F&O ban for trade every day. Also Read: Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit, and have been currently put in the ban period by the stock exchange, the National Stock Exchange (NSE) said.

“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," the NSE statement said. 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.