NSE Adds HAL to F&O Ban List, IEX Exits; Total Count Zooms to 8

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NSE Adds HAL to F&O Ban List, IEX Exits; Total Count Zooms to 8
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange rejigged its Futures and Options (F&O) ban list on June 20, 2023, while retaining seven stocks from the previous session.

The state-owned aerospace and defence major Hindustan Aeronautics (NS: HIAE ) is the latest addition to the F&O ban list, while Indian Energy Exchange (NS: IIAN ) has exited the ban list on Tuesday.

A total of eight stocks have been placed under the F&O ban list by the domestic bourse in the current session.

They include:

  • leading chemicals manufacturer Tata Chemicals (NS: TTCH ),
  • media major Zee Entertainment (NS: ZEE ),
  • gaming and hospitality major Delta Corp (NS: DELT ),
  • large-cap NBFC L&T Finance Holdings (NS: LTFH ),
  • Indiabulls Housing Finance (NS: INBF ),
  • Kerala-based NBFC Manappuram Finance (NS: MNFL ), 
  • HAL, and 
  • India Cements (NS: ICMN )

The aforementioned 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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