2 Stocks Removed from F&O Ban List on Tuesday: Updated List

By Malvika Gurung
Investing.com -- Two stocks have exited from the Futures and Options (F&O) ban list for trade by the National Stock Exchange on May 24, 2022, taking the total count to three stocks under the list now.
The Maharatna company Bharat Heavy Electricals (NS: BHEL ) and the public sector lender Punjab National Bank (NS: PNBK ) have been removed from the F&O ban list on Tuesday.
Three stocks, Indiabulls (NS: INBF ) Housing Finance, Gujarat Narmada Valley Fertilisers & Chemicals, and Delta Corp (NS: DELT ) continue to remain under the ban list for today.
They have exceeded 95% of the market-wide position limit (MWPL), thereby placing them under the F&O ban list by NSE. The stock exchange updates the list every day.
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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IT'S VERY GOOD NEWS FOR BHEL AND PNBK SHAREHOLDERSLike 2
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