Today, a total of three stocks are put under the future and option (F&O) segment by the National Stock Exchange (NSE). According to NSE, all the securities are put under the F&O segment, which crossed under the 95 per cent market-wide position limit (MWPL).
RBL bank has been added today (Thursday) to the NSE ban list, whereas Indiabulls Housing Finance and Delta Corp have continued on this ban list. The NSE updates the list of securities in the F&O ban for trading daily.
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“The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and therefore have been put in the ban period by the stock exchange,” said NSE.
“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.
During this F&O scheme, no fresh positions are allowed for any particular stock. The MWPL has been set by the stock exchange with a maximum contract that can be open at any point in time. Hence, the stock has entered the ban list if the open interest crosses 95 per cent of MWPL.