NSE Adds Adani Stock to F&O Ban List on Feb 8, Removes Adani Ports

By Malvika Gurung

Investing.com -- The National Stock Exchange has added an Adani Group stock from its Futures and Options (F&O) ban list for trade on Feb 8, 2023, while removing another Adani stock from the previous sessions.

The leading cement manufacturer Ambuja Cements (NS: ABUJ ) is the latest entrant on the F&O ban list, while the domestic bourse has removed the mega-cap stock Adani Ports and Special Economic Zone (NS: APSE ) from its list for Wednesday's session.

India’s largest private port operator Adani Ports recorded a 16.04% YoY decline in Q3 FY23 consolidated net profit, while its revenue from operations rose 17.53% to Rs 4,786.17 crore.

Read Also: Adani Ports & SEZ Q3: Profit Falls 16%; Topline, EBITDA Numbers & Guidances

The aforementioned security has exceeded 95% of the market-wide position limit (MWPL), thereby banned for trade under the futures and options segment in the day, and shall continue remaining on the list until their positions fall below 80%.

While on the Futures and Options ban list, no new/fresh F&O positions can be bought or sold for the stock(s), else that trader gets penalised. Traders with existing positions in that security can unwind their positions.

Moreover, the market-wide position limit is set by the stock exchanges.

The NSE directs all clients/members to trade in the derivative contracts of the aforementioned securities only to decrease their positions through offsetting positions.

The leading stock exchange updates the list of securities in the F&O ban for trade every day.