Zee Ent, India Cements, 7 others placed under F&O ban on NSE for August 14; check full list

A overall of nine shares have been put less than the ban for trade on Monday, August 14, 2023, less than the futures and alternatives (F&O) section by the Countrywide Stock Exchange (NSE). The securities have been place on ban underneath the F&O phase as it crossed 95 for every cent of the market place-extensive situation limit (MWPL), according to the NSE. Having said that, the inventory will be readily available for trading in the money industry.

Zee Entertainment Enterprises, Granules India Ltd, India Cements Ltd, Chambal Fertilizers and Substances, Manappuram Finance, Delta Corp, Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance are the 9 shares that are a element of the F&O ban list by the stock exchange for Monday. The NSE updates the listing of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 for each cent of the current market-vast posture restrict and have been at the moment set in the ban period by the stock trade, stated NSE.

‘’It is hereby knowledgeable that all consumers/associates shall trade in the derivative contracts of explained stability only to minimize their positions as a result of offsetting positions. Any increase in open positions shall bring in suitable penal and disciplinary action,” reported NSE.

No fresh new positions are authorized for any of the F&O contracts in the distinct stock when put under the F&O ban time period by the stock exchanges.

In the preceding buying and selling session, domestic fairness benchmarks Sensex and Nifty settled lessen for the next straight day amid weak international cues with the dollar’s increase from its major world-wide friends soon after the US inflation came in regular. US shopper costs rose reasonably last month which raised hopes that the US Fed will depart interest premiums continual subsequent thirty day period.

Sensex closed 365.53 details, or .56 for each cent, decrease at 65,322.65 although the Nifty shut the working day at 19,428.30, down 114.80 details, or .59 per cent. Mid and smallcaps also fell but they nevertheless outperformed the benchmark. The BSE Midcap index ended .13 for each cent decreased when the Smallcap index finished with a loss of .31 for every cent. For the 7 days, Sensex lost .6 for each cent although Nifty declined .45 per cent.

‘’Markets drifted lower for the 3rd successive week and dropped just about 50 percent a for each cent. The tone was more of a consolidation for most of the week but a dip on Friday pushed the index in red….The ongoing strain in the banking pack is fading the restoration tries having said that security in find heavyweights is capping the tempo of decline,” mentioned Ajit Mishra, SVP – Technical Exploration, Religare Broking Ltd.

‘’The latest rate action indicates the corrective tone to keep on in Nifty, following the unsuccessful attempt to surpass the hurdle at 19,650. And, a decisive break of the the latest swing very low i.e. 19,300 may drive the index to 19,100….In the meantime, traders ought to concentration more on hazard management citing combined alerts and keeping stock-particular,” extra Mishra.

Disclaimer: The views and tips previously mentioned are those people of unique analysts and broking corporations, not of Mint. We recommend investors to test with qualified gurus just before having any expenditure decisions.

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Updated: 13 Aug 2023, 11:13 PM IST