This Maharatna Stock Becomes the Newest Addition to F&O Ban List: Full List

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This Maharatna Stock Becomes the Newest Addition to F&O Ban List: Full List

By Malvika Gurung

Investing.com -- Another stock has been added under the Futures and Options (F&O) ban list for trade by the National Stock Exchange on May 23, 2022, taking the total count to five stocks under the list now.

The Maharatna company Bharat Heavy Electricals (NS: BHEL ) is the newest addition to the F&O ban list on Monday, while stocks including the public sector lender Punjab National Bank (NS: PNBK ), Indiabulls (NS: INBF ) Housing Finance, Gujarat Narmada Valley Fertilisers & Chemicals (NS: GNFC ), and Delta Corp (NS: DELT ) continue to be under the ban list for today.

All the five 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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