IRCTC, Vodafone Idea among 8 stocks under F&O ban on NSE today1 min read . Updated: 15 Sep 2021, 09:05 AM IST
- IRCTC shares surged to a new high in Tuesday's trading session as the stock rose over 8% to ₹3,737 per share on the BSE
As many as eight stocks/securities have been put under the futures and options (F&O) ban by the National Stock Exchange (NSE) on Wednesday, September 15, 2021. These securities are banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE.
Indian Railway Catering and Tourism Corporation (IRCTC) is back under the F&O ban after being removed on Tuesday. Vodafone Idea (Vi), Canara Bank, Exide Industries, LIC Housing Finance, Escorts, Sun TV and National Aluminium Company (Nalco) are also among the stocks that are under F&O ban today.
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.
“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," 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.
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