4 Stocks Placed Under F&O Ban List for Feb 14: Tata Power, PNB & More

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4 Stocks Placed Under F&O Ban List for Feb 14: Tata Power, PNB & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Four stocks have been placed under the Futures and Options (F&O) ban list for trade by the NSE on February 14, 2022.

They include Bharat Heavy Electricals (NS: BHEL ), Tata Power, Punjab National Bank (NS: PNBK ) and Steel Authority (NS: SAIL ) of India. 

While PNB and BHEL were placed under the NSE F&O ban list on Feb 11, the other two stocks have been added to the list today. The exchange updates the F&O ban list everyday.

The aforementioned four securities 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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