NSE Rejigs F&O Ban List, Adds 1 Stock, Removes Another: Updated List

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NSE Rejigs F&O Ban List, Adds 1 Stock, Removes Another: Updated List
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange has added a new stock and removed another from its Futures and Options (F&O) ban list for trade on March 21, 2023, while retaining one stock from previous sessions.

The biopharmaceutical player Biocon (NS: BION ) is the latest addition to the domestic bourse’s F&O ban list on Tuesday, while the fertilizers and chemicals manufacturer stock GNFC (NS: GNFC ) has exited the list.

Mortgage lender Indiabulls (NS: INBF ) Housing Finance continues to remain under the stock exchange’s ban list. 

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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