Tata Chemicals stock continues under F&O ban on NSE

chemical stock Tata Chemicals made part of F&O Ban List by stock exchange for today. NSE updates the list of securities in F&O restrictions for trading daily.

Part of the Tata Group, Tata Chemicals is one of the leading producers of soda ash with manufacturing facilities in India, the United Kingdom, Kenya and the United States.

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 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 has crossed 95%.

Meanwhile, Indian indices may see a negative opening for Tuesday, 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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