The National Stock Exchange put two stocks under the ban for trade in the Futures and Options segment on June 9. Cement manufacturer India Cements has been omitted from the ban list. These stocks will still be available to trade in the cash market.

The leading bourse updates the list of stocks banned for F&O trade daily. F&O contracts of leading home finance company Indiabulls Housing Finance and Kerala-based NBFC Manappuram Finance have been banned for trade on June 9.

Derivative contracts of these stocks were banned as they have crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened anytime.

The ban will be lifted once the position falls below 80%. Till then, these securities will remain on the list. Traders who buy or sell these securities will get penalised. Traders with existing positions can unwind their positions.

Indian markets opened flattish on Friday despite in-line monetary policy outcomes by RBI. Shares of India Cements were up 7.7%, trading at Rs 231.95. Mannapuram stocks were also up by 4.35% at Rs 117.45. At the same time, Indiabulls Housing showed little movement at Rs 111.05.