These Stocks are Under the F&O Ban List on Dec 21: Details

  • Investing.com
  • Stock Market News
These Stocks are Under the F&O Ban List on Dec 21: Details
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Two stocks have been placed under the Futures and Options (F&O) ban list for trade on December 21, 2021, by the NSE.

The two stocks include the agricultural machinery major Escorts (NS: ESCO ) and the private mortgage lender Indiabulls (NS: INBF ) Housing Finance.

These two securities have been banned for trade under the futures and options segment on Tuesday because they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls below 80%.

On the other hand, the debt-laden telecom company Vodafone Idea (NS: VODA ) has made its way out of the F&O ban list on Tuesday. 

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.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles