NSE Adds 2 More Stocks Under F&O Ban List on Nov 15: Updated List

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NSE Adds 2 More Stocks Under F&O Ban List on Nov 15: Updated List
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The leading stock exchange National Stock Exchange (NSE) has added two stocks to the Futures and Options (F&O) ban list for trade on Nov 15, taking the total count to four.

While the state-owned lender Punjab National Bank (NS: PNBK ) and the leading fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ) continue to be retained by NSE under the F&O ban list on Tuesday, the state-owned central PSU Bharat Heavy Electricals Ltd. (NS: BHEL ) and mass media company Sun TV Network (NS: SUTV ) are the latest entrants to the list in today’s session. 

The four 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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