The Nifty 50 index witnessed a modest recovery ahead of its weekly expiry, showing a gradual upside on Tuesday, January 14, 2025, and extending this momentum on Wednesday, January 15, 2025. The index traded within a range-bound manner, oscillating between 23,150 and 23,300 levels. Despite the constrained movement, the Nifty 50 managed to close above the key 23,200 mark, ending the day with minor gains of 37 points at 23,213.
As the Nifty weekly expiry approaches on Thursday, January 16, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 9 stocks in the futures and options (F&O) segment. The ban was triggered as these securities breached 95% of the market-wide position limit (MWPL). While trading in F&O for these stocks is restricted, they remain available for trading in the cash market.
The stocks under the F&O ban for January 16 include:
On January 15, 2025, Aarti Industries’ share price surged 4.87%, closing at ₹429.25. According to BSE data, the stock recorded a total traded volume of 1.42 lakh shares, translating to a turnover of ₹6.02 crore.
On January 15, 2025, shares of Aditya Birla Fashion and Retail declined by 1.76%, closing at ₹265.60. According to data from the BSE, the stock witnessed a total traded volume of 3.83 lakh shares, resulting in a turnover of ₹10.34 crore.
On January 15, 2025, Bandhan Bank share price increased by 0.10%, closing at ₹148.25. According to BSE data, the stock registered a total traded volume of 6.35 lakh shares, amounting to a turnover of ₹9.46 crore.
On January 15, 2025, Hindustan Copper share price declined by 2.34%, closing at ₹220.80. BSE data shows a total traded volume of 7.03 lakh shares, resulting in a turnover of ₹15.68 crore.
On January 15, 2025, Kalyan Jewellers India share price dropped by 7.02%, closing at ₹554.90. According to BSE data, the stock recorded a total traded volume of 17.44 lakh shares, resulting in a turnover of ₹96.93 crore.
On January 15, 2025, L&T Finance share price rose by 4.90%, closing at ₹140.30. BSE data revealed a total traded volume of 3.68 lakh shares, amounting to a turnover of ₹5.06 crore.
On January 15, 2025, Manappuram Finance share price increased by 0.25% to close at ₹179.85. According to BSE data, the stock recorded a total traded volume of 4.27 lakh shares, with a turnover of ₹7.65 crore.
On January 15, 2025, RBL Bank share price rose by 1.81%, closing at ₹157.15. According to BSE data, the stock saw a total traded volume of 3.45 lakh shares, resulting in a turnover of ₹5.39 crore.
According to an NSE statement from the NSE, “Derivative contracts in these securities have crossed 95% of the market-wide position limit and are placed under the stock exchange’s ban period. All clients/members shall trade in the derivative contracts of said securities only to decrease their positions through offsetting trades. Any increase in open positions will attract penal and disciplinary action.”
When stocks are placed under the F&O ban period, no new positions can be initiated in their derivative contracts.
The Thursday trading session will feature the weekly expiry of Nifty 50 options contracts, a critical event for traders. Additionally, stocks like L&T Technology Services (LTTS), HDFC Life, and Transrail Lighting are expected to draw attention following the announcement of their quarterly results after market hours on Wednesday.
Nifty weekly contracts expire every Thursday, with the previous trading day as the expiry if Thursday is a trading holiday. All contracts are concluded at the normal market closing time on the expiry day or at a later time as determined by the exchange.
Also, if the last Thursday of the expiry period falls on a trading holiday, the expiry day for individual securities will be moved to the previous trading day.
Notably, in the MarketWatch, the expiry date is not displayed for the last week’s contracts as they are treated as monthly contracts. Instead, only the name of the month and the strike price are shown.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 16, 2025, 8:53 AM IST
Dev Sethia
Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.
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