NSE Rejigs F&O Ban List: Adds 2 PSU Giants & Delta Corp, Retains 1 Stock, Omits 1

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NSE Rejigs F&O Ban List: Adds 2 PSU Giants & Delta Corp, Retains 1 Stock, Omits 1
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The domestic bourse National Stock Exchange has added three new stocks and removed an existing one from its Futures and Options (F&O) ban list for trade on Dec 12, 2022, while continuing to retain one stock under the list, taking the total to four.

The latest entrants to the F&O ban list are the state-owned lending giant Punjab National Bank (NS: PNBK ), the gaming and hospitality stock Delta Corp (NS: DELT ) and the state-owned engineering giant Bharat Heavy Electricals Ltd. (NS: BHEL ).

NSE retained the fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ) under its ban list on Monday, while the home finance company Indiabulls (NS: INBF ) Housing Finance has exited the same.

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.

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