Stocks Under F&O Ban: Sammaan Capital, and Others 

Under the futures and options (F&O) segment, two stocks were banned from trade on Tuesday, 10 February, by the National Stock Exchange (NSE). The securities banned for the F&O trade are Sammaan Capital and Steel Authority of India.  

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

Sammaan Capital was retained on the list from Monday as the open interest % of the MWPL of its F&O contracts stood at 89.7%. 

The above securities were retained on the list from Monday, 9 February. Steel Authority of India was added to the list on Tuesday as the open interest of their F&O contracts reached 97%.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

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