BHEL Re-Enters F&O Ban List, Indiabulls Housing Retained

  • Stock Market News
BHEL Re-Enters F&O Ban List, Indiabulls Housing Retained
Credit: © Reuters.

By Malvika Gurung -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 31, 2023, removing six stocks from the previous session.

The domestic bourse placed a total of two stocks under its F&O ban list on Thursday. 

The leading stock exchange has re-added the state-owned engineering giant BHEL (NS: BHEL ) to its F&O ban list on August 31, while retaining the country’s third-largest housing finance company Indiabulls Housing Finance (NS: INBF ).

The six stocks that have exited the NSE F&O ban list today include the:

  • entertainment major Sun TV (NS: SUTV )
  • private sector lender RBL Bank (NS: RATB )
  • tractor manufacturer Escorts (NS: ESCO )
  • infrastructure enterprise GMR Infrastructure (NS: GMRI )
  • NBFC Manappuram Finance (NS: MNFL )
  • PSU mining major Hindustan Copper (NS: HCPR )

The two 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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