Stock market today: Biocon, RBL Bank, SAIL among 11 stocks under F&O ban list on Monday — 18th March

livemint.com:

Indian stock market today: A total of 11 stocks have been banned for trade on Monday, March 18, 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 it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Aditya Birla Fashion and Retail, BHEL, Biocon,Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, Tata Chemicals, and ZEEL are the 11 stocks that are part of the F&O ban list by the stock market exchange for March 18. The NSE updates the list of securities in the F&O ban for trade every day. 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, 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.

Benchmark stock indices Sensex and Nifty dropped over half a per cent on Friday, tracking deep losses in oil and gas, auto and energy stocks amid relentless foreign capital outflows. The 30-share BSE Sensex declined 453.85 points or 0.62 per cent to settle at 72,643.43 after a weak beginning. During the day, the benchmark tanked 612.46 points or 0.83 per cent to 72,484.82.