Stock market today: Manappuram Finance, SAIL, ZEEL among 5 stocks under F&O ban list today
Indian stock market today: A total of 5 stocks have been banned for trade on Monday, March 11, 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.
Manappuram Finance, Mahanagar Gas, SAIL, Tata Chemicals, and ZEEL are the 5 stocks that are part of the F&O ban list by the stock market exchange for March 11. The NSE updates the list of securities in the F&O ban for trade every day. Also Read: Stocks to buy: PNB and Havells among top choices for short-term, here's why 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 Sensex and Nifty edged higher to close at fresh record highs on Thursday driven by gains in metal and FMCG shares amid firm global trends and foreign fund inflows. Also Read: Stock split 2024: OK Play India stock in focus as share trades ex-split today In a highly volatile trade, the 30-share BSE Sensex advanced 33.40 points or 0.05 per cent to settle at a new peak of 74,119.39. During the day, it jumped 159.18 points
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