F&O Ban List: Delta Corp, PNB, 6 others placed under F&O ban on NSE for September 22; check full list

A total of eight stocks have been put under the ban for trade on Friday, September 22, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market.

Indiabulls Housing Finance, Balrampur Chini Mills, Zee Entertainment Enterprises Ltd (ZEEL), BHEL, Delta Corp, Hindustan Copper, Manappuram Finance, and Punjab National Bank (PNB) are the eight stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday.

The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

‘’It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,'' said NSE.

No fresh positions are allowed for any of the F&O contracts in the particular stock when placed under the F&O ban period by the stock exchanges.

On Thursday, domestic equity benchmarks Sensex and Nifty settled lower for the third straight session as the market saw an all-round selloff. Weak global cues continued weighing on domestic market sentiment.

Nifty 50 closed with a loss of 159 points, or 0.80 per cent, at 19,742.35 while the Sensex ended at 66,230.24, down 571 points, or 0.85 per cent. Both the indices are down more than 2 per cent so far this week, after gaining 2 per cent each and hitting all-time highs in the previous week.