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By Malvika Gurung
Investing.com — Three stocks have been placed under the Futures and Options (F&O) ban list for trade by the NSE on February 24, 2022.
They include Punjab National Bank (NS:), Indiabulls (NS:) Housing Finance and Vodafone Idea (NS:).
While Punjab National Bank and Indiabulls Housing Finance continue to lie under the NSE F&O ban list, cash-strapped telecom major Vodafone Idea has been added to the stock ban list today, while the leading tractor manufacturer Escorts (NS:) has exited the F&O ban list.
The exchange updates the F&O ban list every day.
The aforementioned three securities are banned for trade under the futures and options segment today because they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls 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.
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