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.