Three stocks were put under the ban for trade on Tuesday, November 9, 2021, under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been banned under the F&O segment as they have crossed 95 per cent of the market-wide position limit (MWPL), as per the NSE.

These securities have been put on ban under the F&O segment as they have crossed 95 per cent of the
market-wide position limit (MWPL), as per the NSE.

Public lender Punjab National Bank (PNB) and Escorts continue to be under the F&O ban list today, whereas Sun TV has been added to the list by the stock exchange for Tuesday.

The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

“It is now informed that all clients/members shall trade in the derivative contracts of said securities only to decrease their positions through offsetting positions,” the stock exchange said. “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.

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No new positions are allowed for any of the F&O contracts in that particular stock under the F&O ban period. The stock exchanges set the MWPL (market-wide position limit), the maximum number of contracts that can be open at any time (Open Interest). Therefore, the F&O warranties of that stock enter a ban period if the genuine interest crosses 95 per cent of the MWPL.