The National Stock Exchange (NSE) banned the trading of a total of three stocks in its futures and options (F&O) sector on Thursday, June 8, 2023. These securities were banned in the F&O sector because they exceeded 95% of the market wide position limit (MWPL), according to the NSE. However, the shares will be available for trading on the spot market.
The National Stock Exchange (NSE) banned the trading of a total of three stocks in its futures and options (F&O) sector on Thursday, June 8, 2023. These securities were banned in the F&O sector because they exceeded 95% of the market wide position limit (MWPL), according to the NSE. However, the shares will be available for trading on the spot market.
The NSE announced on June 7 that derivative contracts in the securities mentioned exceed 95% of the market-wide position limit and are currently under a ban period by the stock exchange.
“All clients/members are hereby notified that they must trade derivative contracts in such securities only for the purpose of reducing their positions by offsetting them.” severe disciplinary and disciplinary action shall be imposed,” the NSE said. No new positions will be allowed for his F&O contracts for certain stocks that have been placed on his F&O ban period by the stock exchange.
On June 7, Sensex opened 125 points higher at 62,917.39 and after hitting intraday highs and lows of 63,196.43 and 62,841.95 respectively, closed 350 points (0.56%) higher at 63,142.96, while Nifty It closed at 18,726.40, up 127 points. , or 0.68 percent.
Domestic stocks finished modestly higher on Wednesday with sweeping buying ahead of an outcome expected to hold interest rates at the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting on June 8. . The overall market capitalization of BSE-listed companies is ₹from 289 million ₹$286.6 Billion in Last Session, Investors Wealthier ₹2.4 billion in one day.
