NSE Adds 2 PSU Majors to F&O Ban List on Friday, Retains 4: Updated List

By Malvika Gurung

Investing.com -- The domestic bourse National Stock Exchange has added two fresh stocks to its Futures and Options (F&O) ban list for trade on Dec 16, 2022, while continuing to retain four stocks, taking the total to six.

The state-owned e-ticketing major for Indian Railways IRCTC (NS: INIR ) and the public sector lending giant Punjab National Bank (NS: PNBK ) are the latest entrants to the F&O ban list for Friday.

NSE continued to hold these four stocks under its ban list on Friday:

• the fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ), 
• gaming and hospitality stock Delta Corp (NS: DELT ), 
• state-owned engineering giant Bharat Heavy Electricals (NS: BHEL ) Limited, and 
• leading home finance company Indiabulls (NS: INBF ) Housing Finance.

The six 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.