F&O Ban List for Trade Includes Ambuja Cements and Indiabulls Housing Finance Stocks on NSE Today

Ambuja Cements and Indiabulls Housing Finance make the F&O ban list by NSE for trade on 9 February 2023. A total of two stocks are accounted for.

Written by: Arjita Gupta

Edited by: Krutarth Ghosalkar

Last Updated: February 13, 2023

National Stock Exchange (NSE) has put a total of stocks under trade ban for Thursday, 9 February 2023 for the Futures and Options (F&O) segment. NSE updates the F&O ban list of securities for trade every day. The decision was taken because the said securities have gone beyond 95% of the limit posed for the market-wide position according to NSE. Ambuja Cements is still a part of this list. Indiabulls Housing Finance has been also added to the F&O Ban for trade today on the stock exchange.

NSE informed that all members and clients may trade for derivative contracts to offset positions by trading to decrease their positions. Penal and disciplinary action will be taken if any trade occurs to increase in open positions. As the derivative contracts for Ambuja Cement and Indiabulls Housing Finance securities in question have crossed the 95% limit for MWPL, a ban will last at least for the day until further update from the National Stocks Exchange for the next day.

The NSE has also mandated that no fresh positions are permitted for the mentioned F&O contracts for the Ambuja Cement and Indiabulls Housing Finance indicated stocks, which fall under the F&O ban duration. The maximum number of contracts available for Open Interest or rather open at any time for trade is the market-wide position limit. And this limit is set by the stock exchanges. Thus, the stocks whose Open Interest cross MWPL of 95% are banned for F&O contracts for the particular day.

As per the trends for 9 February 2023, a flat start for Indian Indices is expected as the Singapore Nifty (SGX Nifty), showcases a possibility of a dull opening at the beginning of the Indian Stock Market for the day.