Maharatna CPSE Among 5 Stocks Under F&O Ban List by NSE on Oct 21

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Maharatna CPSE Among 5 Stocks Under F&O Ban List by NSE on Oct 21
Credit: © Reuters.

By Malvika Gurung

Investing.com -- A total of five stocks have been added under the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Oct 21, 2022.

The stocks under the F&O ban list on Friday include:

  • the home finance company Indiabulls (NS: INBF ) Housing Finance,
  • the gaming and hospitality stock Delta Corp (NS: DELT ),
  • the leading cement manufacturer India Cements (NS: ICMN ),
  • the Maharatna CPSE Bharat Heavy Electricals (NS: BHEL ), and
  • the media conglomerate Zee Entertainment (NS: ZEE ).

The five 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. 

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