The listing of two Adani Group stocks has been restricted for trading under the Futures and Options (F&O) segment by the National Stock Exchange (NSE) on Friday, February 3, 2023. These securities have been restricted under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per NSE.
Cement maker Ambuja Cements remains part of the F&O sanctions list Adani Ports Added to the list by the stock exchange for today. NSE updates the list of securities in the F&O limit for trading daily.
Shares of Ambuja Cements and Adani Ports have come under pressure in the last six trading sessions amid a selloff in Adani group shares on concerns over a report by US-based short seller Hindenburg Research. Adani last year bought cement firms ACC and Ambuja Cements.
“It is hereby informed that all clients/members shall trade in derivative contracts of the above securities only to reduce their positions by way of offsetting positions,” the stock exchange said. “Any increase in open positions will attract appropriate penal and disciplinary action,” NSE added.
NSE said that the derivative contracts in the mentioned securities have crossed 95% of the market wide position limit and hence are currently put in the ban period by the stock exchange.
No fresh positions are allowed for any F&O contract in a particular stock under the F&O restriction period. MWPL (Market-Wide Position Limit) is set by the stock exchanges which is the maximum number of contracts that can be opened at any point of time (Open Interest), therefore, F&O contracts of that stock enter into a restriction period if open Interest crossed 95% of MWPL.
Meanwhile, for Friday, the Indian indices may see a muted start as SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicated a flat start for the Indian. stock market today,
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