Indiabulls Finance Exits F&O Ban List, NSE Retains 4 Stocks: Full List

  • Stock Market News
Indiabulls Finance Exits F&O Ban List, NSE Retains 4 Stocks: Full List
Credit: © Reuters.

By Malvika Gurung -- The National Stock Exchange removed one stock from its Futures and Options (F&O) ban list for trade on Jan 19, 2023, while retaining four securities from the previous sessions.

The home finance company Indiabulls (NS: INBF ) Housing Finance has exited the F&O ban list on Thursday, while the domestic bourse continues to hold four stocks in its list for the session.

They include the:

  • gaming and hospitality stock Delta Corp (NS: DELT ),
  • Kerala-based NBFC Manappuram Finance (NS: MNFL )
  • large-cap NBFC L&T Finance Holdings (NS: LTFH ), and
  • fertilizers stock GNFC (NS: GNFC ).

The four 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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  • gaga erfwe @gaga erfwe
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