Stock market today: Zee Entertainment Enterprises stock on F&O ban list on June 6

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F&O ban list: The National Stock Exchange (NSE) banned trading in one stock on Thursday, June 6, 2024, in the futures and options (F&O) segment because it exceeded 95% of the market-wide position limit (MWPL).However, the stock will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: 3 stocks that promoters bought during the market crash post election resultF&O ban list todayZee Entertainment Enterprises Limited (ZEEL) is the only stock on the NSE's June 6 F&O ban list.The National Stock Exchange (NSE) said the derivative contract in the mentioned securities has crossed 95% of the market-wide position limit and has been placed in the stock exchange's ban period.“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," NSE said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.On June 5, rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3 per cent each on heavy value buying by investors after NDA alliance partners started talks on government formation.ALSO READ: PSUs unlikely to re-rate, FMCG, private banks in focus after election results, says PL; lists top stock picksThe 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value-buying in banking, auto and oil shares. All Sensex shares closed in the green.