Vodafone Idea Joins the F&O Ban List With 3 Other Stocks for Jan 12

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Vodafone Idea Joins the F&O Ban List With 3 Other Stocks for Jan 12
Credit: © Reuters.

By Malvika Gurung

Investing.com -- One new stock has been added to the Futures and Options (F&O) ban list on January 12, 2022. This brings the total to four stocks under the ban list.

The four stocks include Indiabulls (NS: INBF ) Housing Finance, RBL Bank (NS: RATB ), Delta Corp (NS: DELT ) and Vodafone Idea (NS: VODA ). After plummeting 20.5% on Tuesday’s session, the telecom major Vodafone (LON: VOD ) Idea is the most recent stock to join the F&O ban list of the NSE.

The four securities are banned for trade under the futures and options segment on Wednesday, as they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls 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 country's third-largest telecom player Vodafone Idea availed the telecom relief package on Tuesday, rolled out by the Government, post which the latter held a 35.8% in Vi, while promoter group, Vodafone and Aditya Birla Group held a total of 46.3% stake in the company.

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