NBFC Re-Enters F&O Ban List; BHEL, RBL Bank Among 9 Stocks Today

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NBFC Re-Enters F&O Ban List; BHEL, RBL Bank Among 9 Stocks Today
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 29, 2023, adding one stock and retaining all the stocks from the previous session.

The domestic bourse placed a total of nine stocks under its F&O ban list on Tuesday. 

India’s third largest housing finance company Indiabulls Housing Finance (NS: INBF ) has re-entered the NSE F&O ban list after being removed from it in the previous session.

The remaining eight stocks held by the leading stock exchange from the previous trading session include the:

  • engineering giant Bharat Heavy Electricals Ltd (NS: BHEL )
  • entertainment major Sun TV (NS: SUTV )
  • private sector lender RBL Bank (NS: RATB )
  • tractor manufacturer Escorts (NS: ESCO )
  • infrastructure enterprise GMR Infrastructure (NS: GMRI )
  • NBFC Manappuram Finance (NS: MNFL )
  • PSU mining major Hindustan Copper (NS: HCPR )
  • cement manufacturer India Cements (NS: ICMN )

The nine 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.

The leading stock exchange updates the list of securities in the F&O ban for trade every day.

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