NSE Adds This State-Owned Bank to F&O Ban List on Nov 30, Retains 3

By Malvika Gurung

Investing.com -- The domestic bourse National Stock Exchange has added one stock to the Futures and Options (F&O) ban list for trade on Nov 30, 2022, taking the total count on the list to four.

The public sector lender major Punjab National Bank (NS: PNBK ) is the latest entrant to the F&O ban list on Wednesday.

NSE has continued to retain three more stocks under the ban list for the day. They include the state-owned PSU giant Bharat Heavy Electricals Ltd. (NS: BHEL ), the gaming and hospitality stock Delta Corp (NS: DELT ) and the home finance company Indiabulls (NS: INBF ) Housing Finance. 

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.