By Malvika Gurung
Investing.com — Two stocks have been added to the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Sept 19, 2022, taking the total to four on the list.
While the private lender stock RBL Bank (NS:) and the home finance company Indiabulls (NS:) Housing Finance continue to remain under the F&O ban list in the session, the multiplex operator stock PVR (NS:) and the cement producer India Cements (NS:) are the newest additions to the list on Monday.
The four securities have exceeded 95% of the market-wide position limit (MWPL), thereby banned for trade under the futures and options segment in the day, and shall continue remaining on the list until their positions fall below 80%.
While on the Futures and Options ban list, no new/fresh F&O positions can be bought or sold for the stock(s), else that trader gets penalised. Traders with existing positions in that security can unwind their positions.
Moreover, the market-wide position limit is set by the stock exchanges.
The NSE directs all clients/members to trade in the derivative contracts of the aforementioned securities only to decrease their positions through offsetting positions.