The National Stock Exchange (NSE) has banned the trading of
futures and options (F&O) up to four stocks/securities on Friday, June 24,
2022.

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According to the NSE,
stocks are prohibited in the F&O sector because they have exceeded 95% of
the market-wide position limit (MWPL). 

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Delta Corp, Indiabulls Housing Finance, RBL Bank and Sun TV
Network are the stocks/securities that have been placed on the National Stock
Exchange’s futures and options (F&O) ban for trade on Friday, June 24,
2022.

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The derivative contracts in the aforementioned securities
have exceeded 95% of the market-wide position limit and have thus been placed
in a ban period by the stock exchange.

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“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.

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“Any increase in open positions shall attract
appropriate penal and disciplinary action,” NSE added.

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During the F&O ban period, no new positions are
permitted for any of the F&O contracts in that stock.

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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% of the MWP.