By Malvika Gurung
Investing.com — One stock has been removed while two more have been added to the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Sept 22, 2022, taking the total to six on the list.
While the cement producing stock India Cements (NS:) exited the F&O ban list on Thursday, the leading cement stock Ambuja Cements (NS:) and the top housing finance company Can Fin Homes (NS:) are the newest additions to the list in today’s session.
Further, these four stocks continue to remain on the F&O ban list on Thursday:
- the private lender stock RBL Bank (NS:),
- the gaming and hospitality stock Delta Corp (NS:),
- the tractors manufacturer Escorts (NS:), and
- the multiplex operator stock PVR (NS:).
The six securities have exceeded 95% of the market-wide position limit (MWPL), thereby banned for trade under the futures and options segment in the day, and shall continue remaining on the list until their positions fall 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.