HAL, L&T Finance Holdings, 3 other stocks under F&O ban by NSE
A total of five stocks have been put under the ban for trade on Monday, June 26, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). According to the NSE, the securities have been prohibited from trading in the F&O segment because they have exceeded 95% of the MWPL. The stocks, however, will be tradable in the cash market.
On BSE, Hindustan Aeronautics (HAL), L&T Finance Holdings (L&TFH), Hindustan Copper (Hind copper), and Punjab National Bank (PNB), and RBL Bank (RBL Bank)are the five stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday.
The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE on June 26.
‘’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 it is placed under the F&O ban period by the stock exchanges.
The India VIX, a measure of market expectations for short-term volatility, increased 1.42% to 11.40. On June 26, foreign portfolio investors sold securities worth ₹409.43 crores, while domestic institutional investors (DIIs) were the net buyers of shares worth ₹250.12 crores.
The BSE Sensex closed at 62,207 points, witnessing a drop of 9 points. The S&P BSE Mid-Cap index has climbed by 291 points to 28,268 points. The Small-Cap index has also increased by 225 points, reaching a level of 32,216. The NSE index NIFTY50 has gained only 25 points and is now trading at 18,691. Likewise, the Bank Nifty has gained by 18 points to reach a level of 43,641.
The overall market capitalisation of the firms listed on BSE rose to ₹ 290.67 lakh crore from ₹ 292.3 lakh crore in the previous session. The total stock traded on the BSE were 3,817 out of which 1,797 advanced and 1,860 declined, whereas 160 stocks remained unchanged.
Nearly 200 stocks, including Dr Reddy Laboratories, HCL Technologies, Aurobindo Pharma, PB Fintech, Trent, Angel One, Astrazeneca Pharma India and Exide Industries, hit their 52-week highs in intraday trade on BSE.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Download Finplay News App to get Daily Market Updates.
More
Less
Updated: 26 Jun 2023, 11:18 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.