Punjab National Bank added to F&O ban on NSE with 8 others for September 8; check full list
A total of nine stocks have been put under the ban for trade on Friday, September 8, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market.
Steel Authority of India (SAIL), Punjab National Bank (PNB), Manappuram Finance, BHEL, India Cements, Delta Corp, Hindustan Copper, Balrampur Chini Mills Limited, and Indiabulls Housing Finance are the nine stocks that are a part of the F&O ban list by the stock exchange for Froday. The NSE updates the list of securities in F&O ban for trade everyday.
The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.
‘’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. Any increase in open positions shall attract appropriate penal and disciplinary action,” said NSE.
No fresh positions are allowed for any of the F&O contracts in the particular stock when placed under the F&O ban period by the stock exchanges.
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Updated: 07 Sep 2023, 10:29 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.