Jhunjhunwala Portfolio Stock Re-enters F&O Ban List on Jun 24: Updated List

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Jhunjhunwala Portfolio Stock Re-enters F&O Ban List on Jun 24: Updated List
Credit: © Reuters.

By Malvika Gurung

Investing.com -- A total of four stocks have been added to the Futures and Options (F&O) ban list for trade by the National Stock Exchange on June 24, 2022, with the gaming and hospitality major Delta Corp (NS: DELT ) making the latest re-entry to the list.

The Rakesh Jhunjhunwala portfolio stock had exited the F&O ban list on June 21.

Read Also: This Stock Has Been Removed from F&O Ban List on Jun 21

Besides Delta Corp, financial stocks RBL Bank (NS: RATB ) and Indiabulls (NS: INBF ) Housing Finance, and the media company Sun TV (NS: SUTV ) continue to remain under the ban list for the day.

The four stocks have exceeded 95% of the market-wide position limit (MWPL), thereby being placed under the F&O ban list on Friday.

The stock exchange updates the list every day.

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.

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