The National Stock Exchange (NSE) has banned the trading of futures and options (F&O) up to three stocks/securities on Tuesday, March 29, 2022. According to the NSE, these stocks are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). 

Also Read| Trade Setup: Top 15 things to know before market opens on March 29, 2022

Vodafone Idea, PVR, 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 Tuesday, March 29, 2022.

Also Read| Government recovers Rs 96 crore from 11 crypto exchanges for GST evasion

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.

Also Read| Centre appoints experts to probe e-scooter fire incidents in Vellore, Pune

“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| Ukraine hit by most ‘powerful cyberattack’ since beginning of war with Russia

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% of the MWPL.