2 New Stocks Join the F&O Ban List for Mar 23, Total Count Rises to 5

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2 New Stocks Join the F&O Ban List for Mar 23, Total Count Rises to 5
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Two new stocks have been placed under the Futures and Options (F&O) ban list for trade by the NSE on March 23, 2022, bringing the total count to five for the day.

While Indiabulls Housing Finance (NS: INBF ), Delta Corp (NS: DELT ) and Balrampur Chini Mills (NS: BACH ) continue to remain under the F&O ban list on Wednesday, media stock Sun TV (NS: SUTV ) and the chemical industry company Gujarat Narmada Valley Fertilisers & Chemicals (NS: GNFC ) have been added to the list for today.

The exchange updates the F&O ban list every day.

The five securities mentioned above are banned for trade under the futures and options segment today because they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls 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.

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