PSU Giant & Sugar Stock Exit F&O Ban List; NSE Retains IRCTC, PNB & More

By Malvika Gurung

Investing.com -- The National Stock Exchange has removed two stocks from its Futures and Options (F&O) ban list for trade on Dec 21, 2022, while continuing to retain five.

The leading sugar manufacturer Balrampur Chini Mills (NS: BACH ) and the state-owned engineering giant Bharat Heavy Electricals (NS: BHEL ) Limited have exited the F&O ban list.

The domestic bourse continues to hold five stocks under its ban list on Wednesday. They include the

• state-owned e-ticketing major for Indian Railways IRCTC (NS: INIR ),
• public sector lending giant Punjab National Bank (NS: PNBK ), 
• fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS: GNFC ), 
• gaming and hospitality stock Delta Corp (NS: DELT ), and
• leading home finance company Indiabulls (NS: INBF ) Housing Finance.

The five 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.