PNB, LIC Housing Finance stocks under F&O ban on NSE today | Popgen Tech


A total of two stocks have been placed under the trading ban on Friday, November 4, 2022 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities were placed on a ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.

Punjab National Bank (PNB) and LIC Housing Finance are the two stocks that are part of the F&O ban list from the Stock Exchange for today. The NSE updates the list of securities in the F&O ban for trading daily.

The derivative contracts in the said securities have crossed 95% of the position limit in the entire market and therefore have currently been placed in the ban period from the Exchange, NSE said.

“It is hereby informed that all clients/members should trade in the derivatives contracts of the mentioned securities only to reduce their positions through offsetting positions,” said the Exchange. “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.

No new positions are allowed for any F&O contract in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock will enter a ban period if the open interest crosses 95% of the MWPL.

Meanwhile, Indian indices may see a lower start like Friday. Benchmarks remained on the backfoot for a second session on the trot on Thursday, along with a lackluster trend overseas after the US Fed delivered a fourth rate hike -interest of 75 bps straight to hope strong inflation. SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicates a muted opening for the Indian stock market today.

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