Two Financial Stocks Have Exited F&O Ban List on Jun 28: Updated List

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Two Financial Stocks Have Exited F&O Ban List on Jun 28: Updated List
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Two stocks have been removed from the Futures and Options (F&O) ban list for trade by the National Stock Exchange on June 28, 2022, leaving two stocks under the list for Tuesday.

While the media company Sun TV (NS: SUTV ) and gaming & hospitality major Delta Corp (NS: DELT ) continue to remain under the F&O ban list for the day, financial stocks RBL Bank (NS: RATB ) and Indiabulls (NS: INBF ) Housing Finance have exited the ban list for Tuesday.

The two stocks in the list have exceeded 95% of the market-wide position limit (MWPL), thereby being placed under the F&O ban list by the stock exchange.

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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