F&O Ban List Rejig: 2 PSUs Enter, Tata Chemicals, Zee Exit

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F&O Ban List Rejig: 2 PSUs Enter, Tata Chemicals, Zee Exit
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange continues to rejig its Futures and Options (F&O) ban list on June 21, 2023 and has retained five stocks from the previous session.

The domestic bourse added two new stocks to the ban list on Wednesday and removed three stocks from it for the session. The total stocks on the list today are seven.

The latest entrants to the F&O ban list include the state-owned giant BHEL (NS: BHEL ), and the PSU miner Hindustan Copper (NS: HCPR ), while the chemicals manufacturer Tata Chemicals (NS: TTCH ), media major Zee Entertainment (NS: ZEE ), and NBFC Manappuram Finance (NS: MNFL ) exited the ban list on Wednesday.

The stocks held by NSE from the previous session include the:

  • state-owned aerospace and defence major Hindustan Aeronautics (NS: HIAE )
  • gaming and hospitality major Delta Corp (NS: DELT ),
  • large-cap NBFC L&T Finance Holdings (NS: LTFH ),
  • Indiabulls Housing Finance (NS: INBF ), and
  • India Cements (NS: ICMN ).

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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