State-Owned Lender Enters F&O Ban List on Sept 23, 2 Stocks Exit: Updated List

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State-Owned Lender Enters F&O Ban List on Sept 23, 2 Stocks Exit: Updated List
Credit: © Reuters.

By Malvika Gurung

Investing.com -- One stock has been added while two have been removed from the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Sept 23, 2022, taking the total to five on the list.

While the tractors manufacturer stock Escorts (NS: ESCO ) and multiplex operator PVR (NS: PVRL ) have exited the F&O ban list on Friday, the public sector lending stock Punjab National Bank (NS: PNBK ) is the newest addition to the list in today’s session.

Further, these four stocks continue to remain on the F&O ban list on Friday:

  • the private lender stock RBL Bank (NS: RATB ), 
  • the gaming and hospitality stock Delta Corp (NS: DELT ),
  • the cement manufacturing stock Ambuja Cements (NS: ABUJ ), and
  • the housing finance company Can Fin Homes (NS: CNFH ).

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.

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