Stock market today: Hindustan Copper, Vodafone Idea, ZEE stocks under F&O ban list on April 24

livemint.com:

Indian stock market today: A total of three stocks have been banned for trade on Wednesday, April 24, 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, the stocks will be available for trading in the cash market.

Also Read: NSE to waive Transaction charges for Futures and Options contracts on Nifty Next 50 Index from April 24 till October31 F&O ban list today Hindustan Copper, Vodafone Idea, and ZEEL are the 3 stocks that are part of the F&O ban list by the stock market exchange for April 24. 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.

On Tuesday, equity benchmark indices Sensex and Nifty closed higher for the third session in a row following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12 per cent higher at 73,738.45. During the session, it jumped 411.27 points or 0.55 per cent to 74,059.89.