Vodafone Idea shares continue to be under F&O ban on NSE
1 min read 23 Feb 2023, 07:46 AM ISTThe NSE updates the list of securities in F&O ban for trade everyday
PremiumOnly one stock has been put under the ban for trade on Thursday, February 23, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The counter has been put on ban under the F&O segment as it has crossed 95% of the market-wide position limit (MWPL), as per the NSE.
Debt-ridden telecom operator Vodafone Idea (Vi) stock continues to be the one that remains the part of the F&O ban list ban by the stock exchange for today. The NSE updates the list of securities in F&O ban for trade everyday.
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, for Wednesday, Indian indices may witness a higher start as SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a positive opening for the Indian stock market today.
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