On Thursday, the National Stock Exchange (NSE) put a total of two stocks under the ban for trade under the F&O ban list by the National Stock Exchange (NSE). The market-wide position limit (MWPL) has crossed 95 per cent under the F&O segment of securities.

These are the stocks under the F&O ban list Bharat Heavy Electricals Ltd (BHEL) and Punjab National Bank (PNB). Daily the list of securities in the F&O ban list is updated. The securities derivatives have crossed 95 per cent of MWPL. Recently put in the ban period by the stock exchange, said NSE.

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“It is hereby 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.

The F&O contract positions are allowed in that particular stock when it is under the period of the F&O ban. Hence, the open interest is set by MWPL with a maximum number of open contracts. Therefore, the contract of F&O, which has entered into open interest, crosses 95 per cent of MWPL.