Adani Ports

Three Adani stocks under ASM, what does it mean? ET NOW's Managing Editor Nikunj Dalmia decodes. Listen in-

During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The F&O ban rule helps reduce speculation ...

If the open interest in a stock crosses 95 percent of the market-wide position limit, its F&O contracts enter the ban period. The stock was down 6 percent on Thursday. Any increase in open positions shall attract appropriate penal and disciplinary action,” it said. February 6, 2023 on all open positions as on February 3 and new positions created from February 6," the exchange said in its circular. If derivative contracts in securities cross 95 percent of the market-wide position limit, they end up in the ban list, the NSE said. "Applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f.

This move will likely curb a lot of speculation and short selling for the Adani Group stocks that can be traded in F&O segment.

Maybank Securities and Abu Dhabi Investment Authority had bid for the anchor portion of the issue, investments which will now be reimbursed by Adani. Hindenburg had flagged Monarch in its research report for conflict of interest. Adani Ports and Special Economic Zone shed nearly 7%, while Ambuja closed up 5.5% after losing nearly 17% in the previous session. Ambuja Cements, which Adani acquired last year, saw its m-cap fall nearly Rs 29,000 crore, which is a 29% fall. Price / Volume variation, Volatility etc," said NSE on its website to explain the measure. This will likely curb a lot of speculation and short selling.