NSE Adds This Adani-Led Stock to F&O Ban List, Rallies 12% on Monday

By Malvika Gurung

Investing.com -- The National Stock Exchange has added one stock to its Futures and Options (F&O) ban list for trade on Jan 30, 2023.

The cement manufacturing giant Ambuja Cements (NS: ABUJ ) is the latest addition to the F&O ban list on Monday.

Shares of the company zoomed 12.4% to hit the session's high at Rs 427.65 apiece on Monday's intraday, after recording its worst fall since May 2006 on Friday.

The 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.