The National Stock Exchange (NSE) has banned the trading of futures and options (F&O) up to two stocks/securities on Tuesday, June 28, 2022.

Also Read| Week ahead: Global cues, rupee movement to weigh on Sensex, Nifty

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

Also Read| Week in review: Sensex, Nifty rise amid positive cues from global peers

Delta Corp 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, June 28, 2022.

Also Read| Impact of US Feds’ biggest rate hike since 1994 on India

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| India inflation down by 0.75%: What it means for consumers

“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.

Also Read| Why US inflation is going up and when will it come down

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

Also Read| Explained: The impact of bond yields on markets and investors

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

Also Read| Explained: Changes in repo rates and their impact on stock market

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.