The National Stock Exchange (NSE) banned the buying and selling in futures and choices (F&O) of 9 shares/securities on Monday, August 14, 2023.  Zee Entertainment, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Balrampur Chini Mills and Chambal Fertilisers & Chemicals are the shares/securities positioned on the National Stock Exchange’s futures and choices (F&O) ban for commerce on Monday. According to the NSE, the shares talked about above are prohibited within the F&O sector as a result of they’ve exceeded 95% of the market-wide place restrict (MWPL). During the F&O ban interval, no new positions are permitted for F&O contracts in that inventory.

“Domestic equities continued with its weakness on account of subdued global cues and hawkish commentary from RBI. Nifty witnessed selling pressure for the second consecutive day to close with a loss of 115 points or 0.6% at 19,428. Except for PSU Bank and Consumer Durables, all sectors ended in red. The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range,” mentioned Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. 

“The market would trade cautiously ahead of India’s inflation data (to be released on Monday) which is expected to rise in July on account of high vegetable prices. On account of the Independence Day holiday on Tuesday market might remain lackluster,” Siddhartha Khemka added. 

Zee Entertainment, Granules India, Manappuram Finance, Chambal Fertilisers, Can Fin Homes, Delta Corp, Indiabulls Housing Financial, Hindustan Copper, and Balrampur Chini Mills shares/securities had been placed on the F&O ban earlier on Friday, August 11, 2023.  

On Friday, home indices ended within the crimson. The NSE Nifty 50 tanked 114.80 factors or 0.59% to 19,428.30 and BSE Sensex sank 363.53 factors or 0.56% to 65,322.65. The broader markets additionally ended within the crimson, with the Nifty 100, Nifty 200 and Nifty 500 ending decrease by 0.5%. Nifty Smallcap fared higher, ending decrease by 0.18%. In sectoral indices, Bank Nifty tumbled 342.70 factors or 0.77% to 44,199.10, Nifty FMCG sank 0.73%, Nifty Pharma sank 1.45%, Nifty Media tanked 1.83% and Nifty IT fell 0.16%, whereas Nifty PSU Bank soared 1.25%. The prime gainers on Nifty 50 had been HCL Technologies, Power Grid, Titan Company, Tata Steel and UltraTech Cement whereas the losers had been IndusInd Bank, SBI Life Insurance, UPL, Tata Consumer Products and Asian Paints.