Wed Feb 12 09:59:35 UTC 2025: **NSE Bans Manappuram Finance in F&O Segment Amidst Market Decline**

**Mumbai, February 12** – The National Stock Exchange (NSE) today banned trading in the futures and options (F&O) segment for Manappuram Finance Ltd. The ban, effective immediately, is due to the stock exceeding 95% of the market-wide position limit (MWPL). Trading in the cash market remains unaffected.

The NSE’s daily update of the F&O ban list cites the derivative contracts exceeding the MWPL as the reason for the restriction. The exchange warned that any attempts to increase open positions will result in disciplinary action. Only reduction of existing positions through offsetting trades is permitted.

This action comes amidst a significant market downturn. The benchmark Sensex plummeted 1,018.20 points (1.32%) to close at 76,293.60, marking a two-week low. The Nifty also fell sharply, closing at 23,071.80, a drop of 309.80 points (1.32%). The declines, marking the fifth consecutive day of losses, were attributed to widespread selling, foreign fund outflows, and renewed concerns about a trade war following the US announcement of new tariffs on steel and aluminum imports. Realty, industrial, consumer discretionary, and capital goods sectors were particularly hard hit.

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