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Bandhan Bank, Biocon, Birlasoft Among 12 Stocks under F&O Ban List on May 17

May 21, 2024

By: BlinkX Research Team

The National Stock Exchange on Friday banned 12 stocks under the future and options (F&O) segment. According to the NSE, the securities were banned under the F&O segment after they crossed 95% of the market-wide position limit.

Key Takeaways from F&O Ban:

• NSE banned 12 stocks under the future and options segment.
• Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, Vodafone Idea, India Cements, Balrampur Chini Mills, Piramal Enterprises, SAIL, and ZEEL, GMR Airports Infrastructure are the 12 stocks included in the ban list.
• These stocks will be open to trade in the cash market.

The 12  stocks included in the F&O ban list of the NSE for May 17 were Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, Vodafone Idea, India Cements, Balrampur Chini Mills, Piramal Enterprises, SAIL, and ZEEL, GMR Airports Infrastructure. However, the stocks will be open for trade in the cash market.

The NSE in a statement said, “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". 

No fresh positions were allowed for any F&O contracts in the particular stock when they were placed under the F&O ban period by the stock exchanges.

Read More About the What is F&O Ban Here!