NSE Adds This PSU Bank to F&O Ban List, Delta Corp Exits: Updated Stocks

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NSE Adds This PSU Bank to F&O Ban List, Delta Corp Exits: Updated Stocks
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The domestic bourse National Stock Exchange has added new stock and removed an existing one from its Futures and Options (F&O) ban list for trade on Dec 7, 2022, while continuing to retain two stocks under the list, taking the total to three.

The latest entrant to the F&O ban list is the state-owned lending giant Punjab National Bank (NS: PNBK ), while the gaming and hospitality stock Delta Corp (NS: DELT ) has exited the list for Wednesday.

The remaining two stocks on the ban list include the fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ) and the home finance company Indiabulls (NS: INBF ) Housing Finance.

The three 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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  • Nageswara Rao Gandikota @Nageswara Rao Gandikota
    How does the market treat the stocks in Ban List and what will happen once they come out of ban.  How an investor should look at such stocks.  Of course, to look at their valuation is important. What is your view
    Like 0
  • lkvin ader @lkvin ader
    Thank you, can you provide the link for "stock exchange updates the list of securities in the F&O ban "
    Like 0

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