Home / Markets / Stock Markets /  Delta Corp added to the list of 2 stocks under F&O ban on NSE

A total of two stocks have been put under the ban for trade on Wednesday, July 27, 2022 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 they has crossed 95% of the market-wide position limit (MWPL), as per the NSE.

Indiabulls Housing Finance continues to be part of F&O ban list by the stock exchange for today, whereas Delta Corp has been added to the list of two stocks under the ban on Wednesday. The NSE updates the list of securities in F&O ban for trade everyday. 

Part of the Indiabulls Group, Indiabulls Housing Finance is one of the leading home finance companies in India. Whereas, Delta Corp is an Indian gaming and hospitality company, that owns and operates casinos (live, electronic and online).

The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore 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 securities only to decrease their positions through offsetting positions," the stock exchange said. "Any increase in open positions shall attract appropriate penal and disciplinary action," NSE added.

No fresh positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL.

Meanwhile, Indian indices may witness a choppy start. Benchmark indices Sensex and Nifty closed lower on Tuesday, with technology stocks bearing the brunt as investors turned wary of a likely sharp hike in U.S interest rate this week. For Wednesday, SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a flat-to-negative start for the Indian stock market today.

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