Stock market today: Balrampur Chini Mills, SAIL, ZEEL stocks on F&O ban list on June 10

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F&O ban list: The National Stock Exchange (NSE) has banned trading in three stocks on Monday, June 10, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).

However, these stocks will be available for trading in the cash market.

The NSE updates the list of securities in the F&O ban for trade every day.

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F&O ban list today

Balrampur Chini Mills, SAIL, and ZEEL are the three stocks on the NSE’s F&O ban list for June 10.

The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.

“It is hereby informed that 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.

No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period. 

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On June 7, benchmark equity indices Sensex and Nifty climbed over 2 per cent to settle at record high levels after the Reserve Bank of India (RBI) revised upwards the GDP growth projection to 7.2 per cent for 2024-25 from 7 per cent earlier.

The 30-share BSE Sensex jumped 1,720.8 points, or 2.29 per cent, to hit a new record peak of 76,795.31 in day trade. The benchmark ended at a record high of 76,693.36, up 1,618.85 points, or 2.16 per cent.

The NSE Nifty climbed 498.8 points, or 2.18 per cent, to 23,320.20 during the day and is just 18.5 points from the record intraday high. The index settled with a jump of 468.75 points, or 2.05 per cent, at all-time closing high of 23,290.15.

In the broader market, the BSE smallcap gauge climbed 2.18 per cent and midcap index rallied 1.28 per cent.

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Published: 10 Jun 2024, 07:21 AM IST