The listing of three stocks under the Futures and Options (F&O) segment has been banned by the National Stock Exchange (NSE) for trading on Wednesday, August 17, 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).
Balrampur Chini, Delta Corp and Chemical Stock Tata Chemicals The F&O sanctions by the stock exchange will continue to be part of the list for today. Updates the list of securities in NSE F&O Ban everyday for business.
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 by way of offsetting positions to reduce their position,” 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 exceeded 95%.
Meanwhile, Indian indices may see a positive start. On Tuesday, the benchmark BSE Sensex rose over 379 points while the Nifty closed above the level of 17,800. For Wednesday, SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange indicates a higher opening for Indian. stock market today,
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