By Malvika Gurung
Investing.com -- The National Stock Exchange has continued to rejig its Futures and Options (F&O) ban list for June 23, 2023, placing five stocks under the list.
The domestic bourse added a new stock and removed two from its F&O ban list on Friday while retaining four stocks from the previous session.
The private sector lender RBL Bank (NS: RATB ) is the the latest entrant on the F&O ban list, while the gaming and hospitality major Delta Corp (NS: DELT ) and the state-owned aerospace and defence major Hindustan Aeronautics (NS: HIAE ) exited the list on Friday.
The stocks held by NSE from the previous session include the:
- public sector lender Punjab National Bank (NS: PNBK ),
- NBFC L&T Finance Holdings (NS: LTFH ),
- state-owned giant BHEL (NS: BHEL ), and
- PSU miner Hindustan Copper (NS: HCPR ).
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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