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

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2 Stocks Removed from F&O Ban List on Tuesday: Updated List
Credit: © Reuters.

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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  • Gaurav Rajpoot @Gaurav Rajpoot
    IT'S VERY GOOD NEWS FOR BHEL AND PNBK SHAREHOLDERS
    Like 2
    • Ravi Maria @Ravi Maria
      BHEL may now show some Fireworks. My target is 55 very soon
      Like 0

      • Comment Guidelines

      We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

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  • Gaurav Rajpoot @Gaurav Rajpoot
    $$ No matching items found Send Feedback
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