A total of two shares have been banned for trading by the National Stock Exchange (NSE) under the Futures and Options (F&O) segment on Tuesday, June 28, 2022. According to NSE, securities have been banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL).
Sun TV and Delta Corp are the two stocks that are still down F&O Restrictions List by stock exchange for today. Whereas, RBL Bank, Indiabulls Housing Finance, which were part of the list in previous sessions, are out for Tuesday. NSE updates the list of securities in F&O restrictions for trading daily.
NSE said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limits and are therefore currently placed in the ban period by the stock exchange.
“It is hereby informed that all the clients/members shall trade in the derivative contracts of the said securities only to reduce their position by way of offsetting positions,” the stock exchange said. “Any increase in open positions will attract appropriate penalty and disciplinary action,” the NSE added.
No fresh positions are allowed for any F&O contract in that particular stock under the F&O restriction period. MWPL (market-wide position limit) is set by stock exchanges which is the maximum number of contracts that can be open (open interest) at any given time, therefore, F&O contracts of that stock enter a restriction period if open interest MWPL has crossed 95%.
Meanwhile, Indian indices may see a flat start on Tuesday amid a weak global trend. The indices closed higher on Monday led by gains in technology and metal stocks. For Tuesday, SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange indicates a flat start for Indian. stock market today,