NSE Rejigs F&O Ban List: Adds 2 Stocks, Removes 1, Updated List Here

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NSE Rejigs F&O Ban List: Adds 2 Stocks, Removes 1, Updated List Here
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange has rejigged its Futures and Options (F&O) ban list on May 17, 2023, adding two fresh stocks and removing one from trade in the session, while retaining three stocks from the previous session.

One of India’s largest sugar manufacturers Balrampur Chini Mills (NS: BACH ) and the Kerala-based NBFC Manappuram Finance (NS: MNFL ) are the latest entrants on the domestic bourse’s F&O ban list, while the engineering central PSE BHEL (NS: BHEL ) has exited the ban list on Wednesday.

The other stocks that continue to remain under the list today include the: 

  • State-owned lender Punjab National Bank (NS: PNBK ),
  • gaming and hospitality company Delta Corp (NS: DELT ), and
  • fertilizers manufacturer Gujarat Narmada Valley Fertilizers & Chemicals (NS: GNFC )

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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