Mumbai: National Stock Exchange (NSE) on Friday banned a total of seven stocks from trading in the futures and options (F&O) segment. According to NSE, the Future and Options trades have been put on hold as the companies have crossed 95 per cent of the Market Wide Position Limit (MWPL). However, the stocks will be available to trade in the cash market.
Delta Corp, Balrampur Chini Mills Ltd, Indiabulls Housing Finance, Manappuram Finance, RBL Bank, L&T Finance Holdings and Punjab National Bank are the seven stocks, which are part of the F&O ban list by the stock exchange for Friday (21 July).
NSE updates the list of securities in the F&O limit for trade every day. “All clients/members shall trade in derivative contracts of the said security only to reduce their position by way of offsetting positions,” NSE said. “Any increase in the open positions will attract appropriate penal and disciplinary action,” NSE said. Any new positions allowed for any F&O contract in a particular stock when kept under the F&O ban period by the stock exchanges are not given.
