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

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

By Malvika Gurung -- 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.

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