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 Friday, September 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 and Indiabulls Housing Finance stocks remain part of the F&O ban list while Delta Corp has been delisted by the stock exchange from the stock ban for today. NSE updates the list of securities in F&O restrictions for trading daily.
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 at any given time (open interest), therefore, the F&O contracts of that stock enter a restriction period if the open interest is MWPL. has exceeded 95%.
Meanwhile, Indian indices may have a negative opening for Friday, with SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicating a lower opening for Indian. stock market today,
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