Adani Ports is excepted from today’s F&O prohibition on the NSE for Ambuja Cements

The NSE for Ambuja Cements –

The National Stock Exchange prohibited trading in just one stock under the futures and options (F&O) segment on Wednesday, February 8, 2023. (NSE). According to the NSE, the counter has been placed on hold in the F&O segment since it exceeded 95% of the MWPL.

The stock market has added cement producer Ambuja Cements to the list for today, while Wednesday sees the removal of port operator Adani Ports, which has been included in the ban for the previous four sessions. Every day, the NSE updates its list of securities that are banned from trading in F&O.

The stock exchange stated that all clients and members must only trade in the derivative contracts of the aforementioned assets to reduce their positions through offsetting positions. The NSE continued, “Any increase in open jobs shall incur relevant disciplinary and criminal sanctions.”

The stock exchange has currently placed the derivative contracts in the aforementioned securities that have exceeded 95% of the market-wide position limit under the ban period, according to NSE.

Read Also – Soon, SMS Hospital will begin performing robotic surgeries for cancer and other conditions

For any of the F&O contracts on that specific stock, while it is in the F&O ban period, no new holdings are permitted. The MWPL (market-wide position limit), which is the maximum number of contracts that may be open at any given moment (open interest), is determined by the stock exchanges. As a result, if the open interest of a stock surpasses 95% of the MWPL, the F&O contracts for that stock enter a ban period.