Only 1 Stock Remains Under F&O Ban List, IRCTC & GNFC Exit

By Malvika Gurung — The National Stock Exchange has further removed two stocks from its Futures and Options (F&O) ban list for trade on Dec 23, 2022, thereby retaining only one stock.

The state-owned e-ticketing major for Indian Railways IRCTC (NS:) and the fertilizers manufacturer Gujarat Narmada Valley Fertilizers and Chemicals (NS:) have exited the F&O ban list.

The domestic bourse continues to hold the leading home finance company Indiabulls (NS:) Housing Finance under its ban list on Friday.

The security has 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.

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The leading stock exchange updates the list of securities in the F&O ban for trade every day.

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