The National Stock Exchange on Tuesday (September 17) banned 10 stocks from trading as they surpassed 95 per cent of the market-wide position limit (MWPL).
The NSE Nifty increased by 27.25 points, or 0.11 per cent, to close at 25,383.75, just over 5 points below its previous record
The National Stock Exchange on Tuesday (September 17) banned 10 stocks from trading as they surpassed 95 per cent of the market-wide position limit (MWPL).
The 10 stocks which are banned include Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, LIC Housing Finance, Hindustan Copper and RBL Bank.
"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,” the NSE statement said.
The NSE updates the list of securities in the F&O ban for trade every day. Despite the ban, the stocks are available for trading in the cash market.
No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the ban period.
The equity benchmark index rebounded nearly 100 points on September 16, to hit a lifetime closing high.
Nifty, on the other hand, ended short of its record high, fueled by bargain hunting in utility, energy and banking stocks amid sustained foreign fund inflows.
The 30-share BSE Sensex rose by 97.84 points, or 0.12 per cent, to close at a new record high of 82,988.78. During the trading session, it surged 293.4 points, or 0.35 per cent, reaching an all-time intra-day peak of 83,184.34.
The NSE Nifty increased by 27.25 points, or 0.11 per cent, to close at 25,383.75, just over 5 points below its previous record. During the day, the index rose by 89.2 points, or 0.35 per cent, reaching a new intra-day high of 25,445.70.
In the broader market, the BSE small-cap index gained 0.28 per cent, while the mid-cap index saw a slight increase of 0.01 per cent.