1 New Stock Added to F&O Ban List Today, 3 Exit: Total Count Drops to 5

By Malvika Gurung

Investing.com -- The leading stock exchange National Stock Exchange (NSE) has added one new stock and removed three from its Futures and Options (F&O) ban list for trade on Nov 22, taking the total count to five.

The tractors manufacturer Escorts (NS: ESCO ) is the latest entrant to the F&O ban list on Tuesday, while three stocks have exited the list, including Balrampur Chini Mills (NS: BACH ), Delta Corp (NS: DELT ) and Bharat Heavy Electricals Ltd. (NS: BHEL ).

Besides freshly adding Escorts, NSE continues to retain four stocks under the F&O ban list for today. They include the:

• home finance company Indiabulls (NS: INBF ) Housing Finance,
• state-owned lender Punjab National Bank (NS: PNBK ),
• leading fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ), and
• mass media company Sun TV Network (NS: SUTV ).

The five securities have exceeded 95% of the market-wide position limit (MWPL), thereby banned for trade under the futures and options segment in the day, and shall continue remaining on the 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), else that trader gets penalised. Traders with existing positions in that security can unwind their positions.

Moreover, the market-wide position limit is set by the stock exchanges.

The NSE directs all clients/members to trade in the derivative contracts of the aforementioned securities only to decrease their positions through offsetting positions.

The leading stock exchange updates the list of securities in the F&O ban for trade every day.