By Malvika Gurung
Investing.com -- Another stock has been added to the Futures and Options (F&O) ban list for trade by the National Stock Exchange on June 23, 2022, taking the total count to three stocks.
The newest entry to the F&O ban list is the media company Sun TV, while financial stocks RBL Bank (NS: RATB ) and Indiabulls (NS: INBF ) Housing Finance continue to remain under the ban list for the day.
The three stocks have exceeded 95% of the market-wide position limit (MWPL), thereby being placed under the F&O ban list by the stock exchange on Thursday.
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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