The Nifty 50 index witnessed a modest recovery ahead of its weekly expiry, showing a gradual upside on Wednesday, February 14, 2025. The index traded within a range-bound manner, oscillating between 22,800 and 23,071 levels. Despite the constrained movement, the Nifty 50 closed above the key 23,000 mark, ending the day with a minor fall of 27 points at 23,046.
As the Nifty weekly expiry approaches on Thursday, February 13, 2025, the National Stock Exchange (NSE) has imposed a trading ban on 1 stock 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 February 13 include:
On February 12, 2025, Manappuram Finance’ share price fell 2.89%, closing at ₹191.70. According to BSE data, the stock recorded a total traded volume of 7.54 lakh shares, translating to a turnover of ₹14.44 crore.
At the current price, Manappuram Finance shares are trading at a price-to-earnings (P/E) ratio of 9.15x, based on its trailing 12-month earnings per share (EPS) of ₹20.94, and a price-to-book (P/B) ratio of 1.46, according to exchange data.
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 be significant for traders as it marks the weekly expiry of Nifty 50 options contracts. Additionally, several companies, including Hindalco Industries, Ipca Laboratories, Afcons Infrastructure, Allcargo Logistics, Ansal Housing, Concord Biotech, Deepak Nitrite, Godfrey Phillips, HealthCare Global Enterprises, Indo Farm Equipment, Manappuram Finance, Radiant Cash Management Services, R Systems International, Senco Gold, SJVN, Texmo Pipes & Products, and United Breweries, are set to announce their quarterly earnings on February 13.
Nifty weekly contracts expire every Thursday unless it falls on a trading holiday, in which case the expiry shifts to the previous trading day. All contracts are settled at the normal market closing time on the expiry day or at a later time as determined by the exchange.
Additionally, if the last Thursday of the expiry period is a trading holiday, the expiry for individual securities is moved to the preceding trading session. Notably, in MarketWatch, expiry dates are not displayed for the last week’s contracts, as they are considered monthly contracts. Instead, only the month’s name 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: Feb 13, 2025, 8:02 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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