India Cements Exits F&O Ban List, 5 Stocks Retained

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India Cements Exits F&O Ban List, 5 Stocks Retained
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 8, 2023, removing one stock from the list and retaining five from the previous session.

The cement manufacturer India Cements (NS: ICMN ) has exited the domestic stock exchange’s F&O ban list in Thursday’s trade, while continuing to hold five stocks from the previous trading session. These include the:

  • gaming and hospitality major Delta Corp (NS: DELT )
  • agrochemicals major Chambal Fertilisers (NS: CHMB ) and Chemicals 
  • leading sugar manufacturer Balrampur Chini Mills (NS: BACH ),
  • third largest housing finance company Indiabulls Housing Finance (NS: INBF )
  • PSU miner Hindustan Copper (NS: HCPR )

The five 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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