Indiabulls Housing Re-Enters F&O Ban List, Count Rises to 4

  • Stock Market News
Indiabulls Housing Re-Enters F&O Ban List, Count Rises to 4
Credit: © Reuters.

By Malvika Gurung -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 7, 2023, adding one stock to the list and retaining three from the previous session.

India’s third largest housing finance company Indiabulls Housing Finance (NS: INBF ) has been re-added to the domestic stock exchange’s F&O ban list in Monday’s trade, after exiting the list in the previous session.

Further, the NSE has continued to hold three stocks from its earlier session, which include the PSU miner Hindustan Copper (NS: HCPR ), NBFC Piramal Enterprises (NS: PIRA ), and the fertilizer manufacturer Gujarat Narmada Valley Fertilizers & Chemicals (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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