Stocks NSE

Four stocks, namely Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granuls India, and India Cements, will be restricted from futures and options (F&O) trading on July 10, 2023, by the National Stock Exchange (NSE). This restriction is due to these stocks exceeding the market-wide position limit. However, it’s important to note that these stocks can still be traded in the cash market.

Why the Ban?
The NSE regularly updates the list of banned securities based on derivatives contracts that exceed 95% of the market-wide position limit. In this case, the mentioned stocks have crossed this threshold, leading to the trading restrictions. Clients and members are advised to decrease their positions as any increase may result in penalties.

Market Impact:
The decline in the domestic equity market on July 7 can be attributed to concerns over potential rate hikes and robust US economic data. These factors influenced the overall market sentiment, leading to a downward trend.

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Keep an Eye on Your Positions:
Traders and investors should be cautious and monitor their positions in BHEL, Delta Corp, Granuls India, and India Cements. It is essential to stay within the prescribed limits and avoid penalties.

Previous Instances:
This is not the first time certain stocks have faced trading restrictions. In a similar occurrence on November 29, 2022, Bharat Heavy Electricals Limited (BHEL), Delta Corp, and Indiabulls Housing Finance were placed under a ban for futures and options (F&O) trading. The NSE updates the list daily, and during the ban period, no fresh positions are allowed.

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Overall Market Outlook:
Based on the SGX Nifty, the Indian stock market is expected to open lower, indicating a gap down opening. Traders should stay updated with the latest market trends and news to make informed decisions.

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