This Gaming Stock Joins the F&O Ban List on Thursday; Other Stocks on List?

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This Gaming Stock Joins the F&O Ban List on Thursday; Other Stocks on List?
Credit: © Reuters.

By Malvika Gurung

Invetsing.com -- Another stock has been added under the Futures and Options (F&O) ban list for trade by the National Stock Exchange on May 19, 2022, taking the total count to four.

The gaming and hospitality stock Delta Corp (NS: DELT ) is the newest addition to the F&O ban list on Thursday. Other stocks include the public sector lender Punjab National Bank (NS: PNBK ), Indiabulls (NS: INBF ) Housing Finance, and Gujarat Narmada Valley Fertilizers (NS: GNFC ).

All the four stocks have exceeded 95% of the market-wide position limit (MWPL), thereby placing them under the F&O ban list by NSE. The stock exchange updates the list every day.

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.

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