1 min read.Updated: 19 Oct 2021, 08:19 AM ISTLivemint
Vodafone Idea, Indiabulls Housing, Sun TV, BHEL continue to be under NSE's F&O stock ban list on Tuesday
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Vodafone Idea, Indiabulls Housing Finance, Sun TV, Bharat Heavy Electricals Limited (BHEL) continue to be among seven stocks/securities under futures and options (F&O) ban for trade by the National Stock Exchange (NSE) on Tuesday, October 19, 2021.
National Aluminium Company Limited (Nalco), Escorts and Amara Raja Batteries Ltd have been added to the list of stocks under NSE's F&O ban today. 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.
Whereas, Indian Railway Catering and Tourism Corporation (IRCTC), and Bank of Baroda (BoB) that were under the F&O ban in the previous session are out from the list on Tuesday.
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.