NSE F&O Ban: IEX, NMDC, SAIL, Sun Tv and others under ban today
- NSE has banned the trading of F&O up to six stocks on October 26, 2021
- According to the NSE these stocks have exceeded 95 percent of MWPL
- NMDC and Sun TV have been added to the list today
The National Stock Exchange (NSE) has banned the trading of futures and options (F&O) up to six stocks/securities on Tuesday, October 26, 2021. According to the NSE, these stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL).
Also Read| Sensex surges over 300 points while Nifty above 18,200 in early trade
Among the six stocks, Escorts, Indian Energy Exchange (IEX), Indiabulls Housing Finance, and Steel Authority of India (SAIL) continue to be under the ban. Whereas, National Mineral Development Corporation (NMDC) and Sun TV have been added to the list by the stock exchange for the F&O stocks ban for today.
Also Read| Trending Stocks: HDFC, Airtel, Tech Mahindra and others in news today
The derivative contracts in the aforementioned securities have exceeded 95 percent of the market-wide position limit and have thus been placed in a ban period by the stock exchange.
Also Read| Petrol stays at Rs 107.59, diesel Rs 96.32 in Delhi; check October 26 fuel prices here
“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions,” the stock exchange said. “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.
Also Read| Gold price on Tuesday, October 26, 2021
During the F&O ban period, no new positions are permitted for any of the F&O contracts in that stock. The stock exchanges set the MWPL (market-wide position limit), which is the maximum number of contracts that can be open at any moment (Open Interest) thus, the F&O contracts of that stock enter a ban period if the open interest exceeds 95 percent of the MWPL.
Related Articles
ADVERTISEMENT