NSE FO ban- Indiabulls Housing Finance and others under ban on Friday, February 10, 2023

NSE FO ban: Indiabulls Housing Finance and others under ban on Friday, February 10, 2023

The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Friday, February 10, 2023. Indiabulls Housing Finance and Ambuja Cements are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

Earlier, on Thursday, the total number of contracts traded in Index futures was 2,99,403 with a turnover of Rs 29,071.83 crore; while contracts traded in stock futures were 7,85,924 with a turnover of Rs 50,903.65 crore.

The same stocks, Indiabulls Housing Finance and Ambuja Cements were put on the F&O ban earlier on Thursday, February 9, 2023. The domestic equity indices ended the previous session mildly in green with BSE Sensex rising 142.43 points or 0.23% to 60,806.22 and NSE Nifty 50 climbed 21.75 pts or 0.12% to 17,893.45.