Nifty Weekly Expiry Today: Manappuram Finance and 2 Others Under F&O Ban on April 9

On April 8, 2025, domestic equities saw a sharp rebound, with the NSE Nifty closing at 22,535.85, up 374.25 points or 1.69%. The BSE Sensex rose 1,089.18 points or 1.49% to end at 74,227.08, recovering from its steep fall in the previous session.

However, the benchmark index moved in a narrow range, reflecting caution in broader markets. The index is set to expire on Wednesday this week, given Thursday is a trading holiday.

Stocks Under F&O Ban on Nifty’s Weekly Expiry Day

Ahead of the Nifty weekly expiry on Wednesday, April 9, 2025, the National Stock Exchange (NSE) has placed 3 stocks under a trading ban in the futures and options (F&O) segment.

The F&O ban is triggered when the open interest in any stock exceeds 95% of the market-wide position limit (MWPL). While trading in derivatives is restricted, these stocks remain available for trading in the cash market.

The stocks under the F&O ban for April 9 include:

1. Birlasoft

On April 8, 2025, Birlasoft share price rose 2.72%, closing at ₹356.40. According to exchange data, the stock recorded a total traded volume of 12.60 lakh shares, translating to a turnover of ₹44.58 crore.

At the current price, the stock has a market cap of ₹9,907.71 crore.

2. Manappuram Finance

On April 8, 2025, Manappuram Finance share price rose 1.64%, closing at ₹229.06. According to exchange data, the stock recorded a total traded volume of 49.06 lakh shares, translating to a turnover of ₹111.83 crore.

At the current price, Manappuram Finance shares are trading at a price-to-earnings (P/E) ratio of 9.69x, based on its trailing 12-month earnings, and belongs to the NBFC sector under the Nifty 500 index.

3. Hindustan Copper

On April 8, 2025, Hindustan Copper share price gained 2.66%, closing at ₹192.54. According to exchange data, the stock recorded a total traded volume of 44.81 lakh shares, translating to a turnover of ₹86.50 crore.

At the current price, Hindustan Copper shares are trading at a price-to-earnings (P/E) ratio of 45.15x, based on its trailing 12-month EPS. It belongs to the Copper industry and is part of the Nifty 500 index.

Why Are Stocks Under F&O Ban?

The National Stock Exchange (NSE) places stocks under the F&O ban list when the open interest in their derivative contracts exceeds 95% of the market-wide position limit (MWPL). Traders are only allowed to reduce existing positions through offsetting trades. Opening new positions is strictly prohibited and could attract penalties.

Despite the restrictions in the F&O segment, the stocks continue to be available for trading in the cash market.

About Nifty Weekly Expiry Day

Nifty weekly futures and options (F&O) contracts typically expire every Thursday. However, if Thursday is a trading holiday, the expiry is advanced to the previous session. All contracts are settled at the normal market closing time on expiry day.

For individual securities, the same rule applies. In trading platforms like MarketWatch, weekly expiry contracts appear under the monthly contract header during the final week, ensuring consistent classification.

Conclusion

As the Nifty Weekly Expiry approaches a day earlier due to the trading holiday, market participants are expected to tread cautiously amid volatile conditions. With Birlasoft, Manappuram Finance, and Hindustan Copper under the F&O ban on April 9, traders should remain mindful of position limits and regulatory restrictions.

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 own 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.