NALCO Joins the F&O Ban List With 4 Other Stocks for Jan 24: Details

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NALCO Joins the F&O Ban List With 4 Other Stocks for Jan 24: Details
Credit: © Reuters.

By Malvika Gurung

Investing.com -- One new stock has been added to the Futures and Options (F&O) ban list by the NSE on January 24, 2022, bringing the total count to five for the day.

While Vodafone Idea (NS: VODA ), Bharat Heavy Electricals Limited (NS: BHEL ), Indiabulls (NS: INBF ) Housing Finance, and Escorts (NS: ESCO ) continue to remain under the F&O ban list on Monday, the state-owned mining company National Aluminum Co. Ltd. (NS: NALU ) or NALCO has been added to the list for today.

At the same time, the pharmaceutical company Granules India Ltd (NS: GRAN ) has been removed from the ban list for Monday.

The five securities mentioned above are banned for trade under the futures and options segment today because they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls 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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