Latest Entry Under the F&O Ban List on Jun 23: Updated List

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Latest Entry Under the F&O Ban List on Jun 23: Updated List
Credit: © Reuters.

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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