Adani Enterprises crashes 30% after Credit Suisse stops accepting bonds

[Prayag]

@SpacemanSpiff

NSE says that FNO stocks are excluded from ASM, and yet Adani stocks were added.

FNO stocks can be moved to the Short Term ASM framework (circular link). There is a thread explaining about this -

Short Term ASM Framework for F&O Stocks

NSE in its recent circular issued on 28th April has decided to extend Short Term Additional Surveillance Measures (ASM) to the stocks that trade in the Futures and Options segment, these changes come into effect from May 2, 2022 onwards. You can check the announcement from the exchange here. The additional surveillance initiative is part of SEBI and the Exchanges initiative to enhance market integrity and safeguard the interest of investors. As per the joint surveillance meeting of exchanges a…

These stocks were moved to Stage 1 of the Short Term ASM framework (yesterday’s circular link for reference), hence the minimum margin requirement has shot up to 50% for them. Therefore, a maximum of 2x leverage can be given for such stocks.

Will follow up with the team and get the above support article updated with this information.

Note - As you referred to the FAQ (Page 3), FNO stocks can’t be moved to the Long Term ASM Framework. Also, if its a non-FNO scrip and its added to ASM framework (irrespective of it being Long Term or Short Term), we won’t allow MIS in it.