On January 18, 2023, 5 stocks were included in the futures and options (F&O) sector by the National Stock Exchange (NSE). As per the regulations, they have exceeded the 95% market-wide position limit (MWPL) NSA.
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Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Indiabulls Housing Finance and L&T Finance Holdings Ltd are the stocks that continue to be part of the F&O ban list. In contrast, today, Manappuram Finance Ltd and Delta Corp have been added to the ban. This list is updated every day.
During the F&O ban period, new positions for that particular stock are not allowed in the F&O contract. The stock exchange sets the MWPL (Market Wide Position Limit), the maximum number of contracts (open interest) that can be opened at any time.
Meanwhile, Indian indices could see a higher start, as the Singapore Nifty, SGX Nifty traded on the Singapore Stock Exchange pointed to a gapped open for Indian stocks on Wednesday.