F&O Ban List: GNFC placed under futures & options ban on NSE for November 8; check details

The National Stock Exchange (NSE) has banned the trading of GNFC till Wednesday, November 8, 2023 under the futures and options (F&O) segment. The security was banned under the F&O segment as it exceeded 95 per cent of the market wide position limit (MWPL), according to the NSE. However, the stock will be available for trading on the money market.

GNFC has been banned from M&O for the fifth consecutive session and is the only stock under the M&O radar since November 1, according to NSE data.

The NSE updates the list of securities in the F&O ban on trading on a daily basis. The derivative contract in the listed securities have crossed 95 per cent of the market-wide position limit and are currently placed in the ban period at the stock exchange, NSE said.

“It is hereby notified that all clients/members will trade in the derivative contracts of that security only to reduce their positions through offsetting positions. Any increase in open positions will be subject to appropriate punitive and disciplinary action,” NSE said.

No fresh positions are allowed for any of the F&O contracts in the particular stock when the stock exchanges place it under the F&O prohibited period.

Also read: Why Arvind Fashions shares gained over 7% today – Explained

Meanwhile, the main equity indices Sensex and Nifty 50 extended their three-day profit-booking winning streak today in select heavyweights amid weak global cues as hopes of an end to monetary inflation faded.

Nifty 50 closed at 19,406.70, down 5 points, or 0.03 percent, while Sensex settled at 64,942.40, down 16 points, or 0.03 percent. Mid caps and small caps achieved decent gains, outperforming the benchmark indices. The BSE Midcap index ended with a gain of 0.53 percent while the Smallcap index rose 0.38 percent.

Investors booked some profits in select heavyweights, including Reliance Industries and HDFC Bank, amid weak global cues that dragged down the benchmark indices.

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Updated: 07 November 2023, 08:47 PM IST

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