The Nifty 50 index recovered before its weekly expiry, showing a gradual upside on Wednesday, January 22, 2025. The index traded within a range-bound manner, oscillating between 22,981 and 23,169 levels. Despite the constrained movement, the Nifty 50 managed to close above the key 23,150 mark, ending the day with gains of 130 points at 23,155.35.
As the Nifty weekly expiry approaches on Thursday, January 23, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 10 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 23 include:
On January 23, 2025, IndiaMART InterMESH share price plunged 6.44%, closing at ₹2,145.75. According to BSE data, the stock recorded a total traded volume of 1.07 lakh shares, translating to a turnover of ₹22.56 crore.
On January 23, 2025, shares of Aditya Birla Fashion and Retail gained by 0.69%, closing at ₹279.05. According to data from the BSE, the stock witnessed a total traded volume of 1.08 lakh shares, resulting in a turnover of ₹3.01 crore.
On January 23, 2025, Bandhan Bank share price increased by 0.77%, closing at ₹151.45. According to BSE data, the stock registered a total traded volume of 5.39 lakh shares, amounting to a turnover of ₹8.09 crore.
On January 23, 2025, Can Fin Homes share price declined by 0.70%, closing at ₹686. BSE data shows a total traded volume of 6622 shares, resulting in a turnover of ₹45.13 lakh.
On January 23, 2025, Punjab National Bank share price dropped by 2.09%, closing at ₹98.20. According to BSE data, the stock recorded a total traded volume of 9.82 lakh shares, resulting in a turnover of ₹9.62 crore.
On January 23, 2025, L&T Finance share price plunged by 4.59%, closing at ₹139.35. BSE data revealed a total traded volume of 1.30 lakh shares, amounting to a turnover of ₹1.83 crore.
On January 23, 2025, Manappuram Finance share price increased by 1.61% to close at ₹195.10. According to BSE data, the stock recorded a total traded volume of 1.51 lakh shares, with a turnover of ₹2.91 crore.
On January 23, 2025, RBL Bank share price fell by 2.21%, closing at ₹155.05. According to BSE data, the stock saw a total traded volume of 4.68 lakh shares, resulting in a turnover of ₹7.21 crore.
On January 23, 2025, Dixon Technologies share price dropped by 2.82%, closing at ₹14,706.50. According to BSE data, the stock saw a total traded volume of 0.35 lakh shares, resulting in a turnover of ₹50.90 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 UltraTech Cement, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Syngene International, Tejas Networks, Thyrocare Technologies, Ujjivan Small Finance Bank, V2 Retail, and Zee Entertainment Enterprises will deliver their quarterly numbers on January 23, 2025.
Nifty weekly contracts typically expire every Thursday. If Thursday happens to be a trading holiday, the expiry shifts to the previous trading day. All contracts are settled at the normal market closing time on the expiry day unless otherwise specified by the exchange.
Additionally, if the last Thursday of the expiry period is a trading holiday, the expiry for individual securities is rescheduled to the preceding trading day.
It’s worth noting that in MarketWatch, expiry dates for the last week’s contracts are not displayed. These contracts are instead categorised as monthly contracts, showing only the month’s name and the strike price.
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 23, 2025, 8:41 AM IST
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