Three stocks have been banned for trading by the National Stock Exchange (NSE) under the Futures and Options (F&O) segment on Thursday, June 16, 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).
rbl bank, delta corpand Indiabulls Housing Finance are the three stocks that are still on F&O Restrictions Listing by stock exchange. NSE updates the list of securities in F&O restrictions for trading daily.
RBL Bank shares are in focus this week after the RBI approved the appointment of its new MD and CEO R Subramaniakumar for a period of three years.
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%.