2 Stocks Under F&O Ban List Today; BHEL, PNB Exit

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2 Stocks Under F&O Ban List Today; BHEL, PNB Exit
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange has removed three stocks from its Futures and Options (F&O) ban list for trade on June 27, 2023, retaining only two stocks under the list from previous sessions.

The domestic bourse has continued to hold the PSU miner Hindustan Copper (NS: HCPR ) and the private sector lender RBL Bank (NS: RATB ) under its F&O ban list on Tuesday, while three stocks including Punjab National Bank (NS: PNBK ), L&T Finance Holdings (NS: LTFH ), and BHEL (NS: BHEL ) have exited the list in today’s session.

The aforementioned 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.

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