RBL Bank, GMR Infra Enter F&O Ban List, 2 Stocks Exit: Total Count at 11

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RBL Bank, GMR Infra Enter F&O Ban List, 2 Stocks Exit: Total Count at 11
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 25, 2023, removing two stocks from the list and adding two new ones, while retaining nine stocks from the previous session.

The domestic bourse placed a total of 11 stocks under its F&O ban list on Friday. 

The private sector lender RBL Bank (NS: RATB ) and infrastructure enterprise GMR Infra are the latest entrants on the F&O ban list, while the entertainment major Sun TV (NS: SUTV ) and tractor manufacturer Escorts (NS: ESCO ) exited the ban list on Friday.

The remaining nine stocks held by the leading stock exchange from the previous trading session today include the:

  • state-owned lender Punjab National Bank (NS: PNBK )
  • engineering giant BHEL (NS: BHEL )
  • diagnostic labs chain Metropolis Healthcare (NS: METP )
  • NBFC Manappuram Finance (NS: MNFL )
  • PSU mining major Hindustan Copper (NS: HCPR )
  • fertilizers manufacturer Gujarat Narmada Valley Fertilizers & Chemicals (NS: GNFC )
  • cement manufacturer India Cements (NS: ICMN )
  • media major gaming and hospitality major Delta Corp (NS: DELT )
  • third largest housing finance company Indiabulls Housing Finance (NS: INBF )

The 11 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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