Delta Corp, Balrampur Sugar continues to be under F&O ban on NSE

However, the stock will be available for trading in cash market,

According to Trendline data, the MWPL (market-wide position limit) for Delta Corp stood at 82.2 percent, while the OI (open interest) stood at 14.8 million.

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Delta Corp shares were trading down 0.85 per cent 191.80 per share in Wednesday’s trade at Rs.

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Meanwhile, MWPL for Balrampur Sugar stood at 85.1 per cent with OI at 7.3 million. The stock was trading with a gain of 0.71 per cent. 412 per share on BSE in this morning’s deals.

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

According to NSE, the securities have been restricted under the F&O segment as they have crossed 95 per cent of the market-wide position limit (MWPL). The restriction on this is withdrawn only when the open interest falls below 80 per cent.

No fresh positions are allowed for any F&O contract in a particular stock under the F&O restriction period. MWPL is set by the stock exchanges which is the maximum number of contracts that can be opened in open interest at any point of time), therefore, F&O contracts of that stock enter into restriction period if open interest crosses 95 percent of MWPL Is.

NSE updates the list of securities in the F&O limit for trading daily.