PSU Giant & Sugar Stock Exit F & O Ban List; NSE Keep IRCTC, PNB & More | Popgen Tech


By Malvika Gurung — The National Stock Exchange removed two stocks from its Futures and Options (F&O) ban list for trading on December 21, 2022, while maintaining five.

The leading sugar manufacturer Balrampur Chini Mills (NS:) and the state engineering giant Bharat Heavy Electricals (NS:) Limited have come off the F&O ban list.

The domestic stock exchange continues to keep five stocks under its ban list on Wednesday. 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:), and
  • a leading home finance company Indiabulls (NS:) Housing Finance.

All five securities exceeded 95% of the market-wide position limit (MWPL), thus prohibited for trading under the futures and options intraday segment, and should continue to remain in the list as long as 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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