BSE, NSE to impose additional exposure margin for F&O traders

NEW DELHI: With Sensex and Nifty hitting record high levels every other day, stock exchanges BSE and NSE have decided to impose an additional exposure margin at 15% in the equity derivatives segment on securities in which top 10 clients account for more than 20% of MWPL.

MWPL or Market Wide Position Limit is the maximum number of open F&O contracts permitted for a particular underlying stock.

"However, for securities wherein additional surveillance margin is applicable, the higher of additional exposure margin as stated above or additional surveillance margin shall be levied. Scrips shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis," BSE and NSE said in separate notices.


While BSE will impose the additional exposure margin from January 1, 2024, immediately after the expiry of December 2023 contracts, NSE said the framework shall be effective from December 29.

Stocks in the list include Indiabulls Housing Finance, Manappuram Finance and Balrampur Chini Mills.

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