By Malvika Gurung
Investing.com -- 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.