Stocks Under F&O Ban List for Nov 17: IRCTC, SAIL, PNB & More

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Stocks Under F&O Ban List for Nov 17: IRCTC, SAIL, PNB & More
Credit: © Reuters.

By Malvika Gurung -- A total of seven stocks or securities have been placed under the Futures and Options (F&O) ban list on November 17, 2021, by the NSE.

This is because these securities exceeded 95% of the market-wide position limit, and is mandatorily put under the NSE F&O ban list until their position falls below 80%.

For Wednesday's trade, the seven stocks under the F&O ban list are Punjab National Bank (NS: PNBK ), Bharat Heavy Electricals (NS: BHEL ) Limited, Sun TV Network Ltd (NS: SUTV ), Indiabulls (NS: INBF ) Housing Finance, Steel Authority (NS: SAIL ) of India, National Aluminum Co. Ltd. (NS: NALU ), and Indian Railway Catering And Tourism Corp (NS: INIR ). 

On the other hand, Escorts (NS: ESCO ) Ltd and Bank of Baroda Ltd (NS: BOB ) have been removed from the ban list for Wednesday.

When on the F&O ban list, no new/fresh futures and options positions for the stock(s) can be bought or sold, else the traders will be penalised. Traders with existing positions in that security can unwind their positions. 

Furthermore, the market-wide position limit is set by the stock exchanges.

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