Sun TV, Escorts Re-Enter F&O Ban List, 5 Stocks Exit: Total Count at 8

By Malvika Gurung

Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on August 28, 2023, removing five stocks from the list and adding two to it, while retaining six stocks from the previous session.

The domestic bourse placed a total of eight stocks under its F&O ban list on Monday. 

The entertainment major Sun TV (NS:SUTV) and tractor manufacturer Escorts (NS:ESCO) have been re-added to the F&O ban list on Monday, while five stocks including Punjab National Bank (NS:PNBK), Metropolis Healthcare (NS:METP), GNFC (NS:GNFC), Delta Corp (NS:DELT) and Indiabulls Housing Finance (NS:INBF) have exited the ban list in the ongoing session.

The remaining six stocks held by the leading stock exchange from the previous trading session today include the:

• engineering giant BHEL (NS:BHEL)
• private sector lender RBL Bank (NS:RATB)
• infrastructure enterprise GMR Infra
• NBFC Manappuram Finance (NS:MNFL)
• PSU mining major Hindustan Copper (NS:HCPR)
• cement manufacturer India Cements (NS:ICMN)

The eight 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.