NSE Adds 1 Stock to F&O Ban List, Keeps 6: IRCTC, PNB, BHEL and More | Popgen Tech


By Malvika Gurung

Investing.com — The National Stock Exchange added a new stock to its Futures and Options (F&O) ban list for trading on December 19, 2022, while continuing to hold six stocks, making it -total brought to seven.

The leading sugar manufacturer Balrampur Chini Mills (NS:) is the latest entrant on the F&O ban list.

The domestic stock exchange continues to keep six stocks under its ban list on Monday. These include the

  • Major state e-ticketing for Indian Railways IRCTC (NS:),
  • public sector lending giant Punjab National Bank (NS:),
  • fertilizer manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS:),
  • stock of games and hospitality Delta Corp (NS:),
  • state engineering giant Bharat Heavy Electricals (NS:) Limited, and
  • a leading home finance company Indiabulls (NS:) Housing Finance.

The seven securities exceeded 95% of the market-wide position limit (MWPL), thus prohibited for trading under the intraday futures and options segment, and should continue to remain in -list until their positions fall below 80%.

While on the Futures and Options ban list, no new/fresh F&O positions can be bought or sold for the stock(s), otherwise that trader will be penalized. Traders with existing positions in that security may liquidate their positions.

In addition, the position limit in the entire market is set by the stock exchanges.

The NSE directs all clients/members to trade in the above mentioned securities derivative contracts only to reduce their positions through offsetting positions.

The main exchange updates the list of securities in the F&O ban for trading every day.


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