NSE FO Ban- BHEL, Delta Corp, India Cements and other stocks under ban on July 10, Monday

NSE FO Ban: BHEL, Delta Corp, India Cements and other stocks under ban on July 10, Monday

The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Monday, July 10, 2023. Bharat Heavy Electricals Ltd (BHEL), Delta Corp (DELTACORP), Granules India(GRANULES), and India Cements Ltd(INDIACEM) 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.

“Investors fear the Federal Reserve may start hiking rates again at its FOMC meeting on July 26. Also, all eyes will now be on India’s CPI inflation numbers to be announced on July 12. More than that the US inflation figures for June scheduled to be released on Wednesday will be keenly watched as any uptick would provide ammo to the US Fed Reserve to hike rates. Commanding attention will also be the corporate earnings season for the quarter ending June FY24, as IT majors TCS and HCL Technologies will announce their results on July 12, followed by Wipro on July 13. On the technical front, a major hurdle for Nifty is seen at its all-time high level of 19524 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.