[ad_1]
By Malvika Gurung
Investing.com — The leading stock exchange National Stock Exchange (NSE) has added two stocks to the Futures and Options (F&O) ban list for trade on Nov 15, taking the total count to four.
While the state-owned lender Punjab National Bank (NS:) and the leading fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS:) continue to be retained by NSE under the F&O ban list on Tuesday, the state-owned central PSU Bharat Heavy Electricals Ltd. (NS:) and mass media company Sun TV Network (NS:) are the latest entrants to the list in today’s session.
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.
The leading stock exchange updates the list of securities in the F&O ban for trade every day.
[ad_2]
Source link
(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)
