Under the futures and options (F&O) segment, no stocks were banned from trade on Friday, 27 September by the National Stock Exchange (NSE).
Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.
The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market.
The open interest for F&O contracts of Aditya Birla Fashion and Retail Ltd, Granules India Ltd, Hindustan Copper Ltd, Vodafone Idea Ltd, and Indian Energy Exchange declined below the 80% limit. Hence, they were removed from the list on Friday.
The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.
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