As on Wednesday, November 17, 2021, seven shares/securities under the Futures and Options segment have been banned for trading. National Stock Exchange (NSE), According to NSE, these securities have been banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL).
Punjab National Bank (PNB), Sun TV, Bharat Heavy Electricals Limited (BHEL), Steel Authority of India (SAIL), Indiabulls Housing Finance, National Aluminum Company (NALCO), and Indian Railway Catering and Tourism Corporation (IRCTC) are seven. Stocks that remain under the F&O sanctions list today.
Meanwhile, Escorts and Bank of Baroda (BoB), which were part of the ban in previous seasons, have been dropped from Wednesday’s list.
NSE said that 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. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of open contracts (open interest) at any given time, therefore, the F&O contracts of that stock enter a restriction period if the open interest is higher than the MWPL. has exceeded 95%.
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