By Malvika Gurung
Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 8, 2023, adding two stocks to the list and removing two from the previous session.
The gaming and hospitality major Delta Corp (NS:DELT) and the agrochemicals major Chambal Fertilisers (NS:CHMB) and Chemicals are the latest entrants on the domestic stock exchange’s F&O ban list in Wednesday’s trade.
Further, two stocks including the NBFC Piramal Enterprises (NS:PIRA) and fertilizer manufacturer GNFC have exited the ban list in today’s session. NSE has continued to hold four stocks from its earlier session. They include the:
- leading sugar manufacturer Balrampur Chini Mills (NS:BACH),
- third largest housing finance company Indiabulls Housing Finance (NS:INBF),
- PSU miner Hindustan Copper (NS:HCPR), and
- cement producer India Cements (NS:ICMN)
The six 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.