BHEL, Zee Added to F&O Ban List, Total Count Jumps to 12

  • Stock Market News
BHEL, Zee Added to F&O Ban List, Total Count Jumps to 12
Credit: © Reuters.

By Malvika Gurung -- 

The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on September 15, 2023, adding three new stocks to the list, while retaining all the stocks from the previous session.

The domestic bourse placed a total of 12 stocks under its F&O ban list on Friday. 

The state-owned engineering giant BHEL (NS: BHEL ), media major Zee Entertainment (NS: ZEE ) and sugar manufacturer Balrampur Chini Mills (NS: BACH ) are the latest entrants on the F&O ban list.

The leading stock exchange continues to hold all nine stocks from its previous session on Sept 15. They include the:

  • state-owned steel producer SAIL (NS: SAIL )
  • Maharatna PSU REC (NS: RECM )
  • Navratna PSU NALCO (NS: NALU )
  • Kerala-based NBFC Manappuram Finance (NS: MNFL )
  • power trading exchange IEX (NS: IIAN )
  • casino operator Delta Corp (NS: DELT )
  • PSU mining major Hindustan Copper (NS: HCPR )
  • cement manufacturer India Cements (NS: ICMN )
  • housing finance stock Indiabulls Housing Finance (NS: INBF )

The 12 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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