Today PNB has been added to the list of 7 stocks under F&O ban on NSE | Popgen Tech

Balrampur Chini, Bharat Heavy Electricals Limited (BHEL), Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Indiabulls Housing Finance, Sun TV continue to be part of the F&O ban list while Punjab National Bank (PNB) is added to the list by 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, for Friday, Indian indices may see a lower start as 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.