NSE FO ban: Ambuja Cements and others under ban on Monday, February 13, 2023 The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Monday, February 13, 2023. Indiabulls Housing Finance and Ambuja Cements are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock. Earlier, on Friday, the total number of contracts traded in Index futures was 2,44,635 with a turnover of Rs 23,324.37 crore; while contracts traded in stock futures were 7,57,418 with a turnover of Rs 49,196.68 crore. The same stocks, Indiabulls Housing Finance and Ambuja Cements were put on the F&O ban earlier on Friday, February 10, 2023. The domestic equity indices ended the previous session mildly in red with Nifty 50 declining 37 points or 0.21% to 17,856.5 while Sensex closed 123 points lower at 60,682.7.
The regulator had undertaken a series of surveillance actions to ensure that the volatility in the Adani group companies’ share prices was contained. This will be a part of the brief to the finance minister on Wednesday, the sources said.
The launched works involve rehabilitating the Galgamuwa Railway Station and upgrading the railway line from Maho to Anuradhapura, including additional tasks. Another project is the second phase of track rehabilitation from Maho to Omanthai (128 kms), funded by a $318 million Indian Line of Credit.
Transport Minister Gunawardena praised the efforts of Indian company IRCON in Sri Lanka and called for more cooperation in the railway sector. State Minister Shantha Bandara and officials from the Sri Lankan Ministry of Transport attended the event.
Railways is a priority for Indian assistance in Sri Lanka, with over $1 billion invested under five Indian Lines of Credit. IRCON has been involved in Sri Lanks since 2009. It has contributed to the modernisation of Sri Lanka Railways by reconstructing the entire railway line network in the Northern Province (253 Km) and upgradation of the Southern line (115 km), as well as improving safety through advanced signalling and telecommunication systems.
Despite Sri Lanka’s debt standstill in April 2022, India’s support under various Lines of Credit has continued.
(With PTI inputs)