Indian Railway Catering and Tourism Corporation (IRCTC), Sun TV, Vodafone Idea, Punjab National Bank (PNB), Indiabulls Housing Finance continue to be among the list of stocks / securities that have been subject to the ban on futures and options (F&O) for trade on Wednesday September 22 through the National Stock Exchange (NSE).
The derivative contracts on the mentioned securities have exceeded 95% of the market position limit and are therefore currently put on a blackout in the M&O segment by the exchange.
Meanwhile, National Aluminum Company (Nalco), Steel Authority of India Ltd (SAIL), Exide Industries, which were on the NSE’s F&O ban list on Tuesday were taken down today.
“It is hereby informed that all clients / members will only trade derivative contracts of said security to decrease their positions through offsetting positions,” the exchange said. âAny increase in open positions will result in appropriate criminal and disciplinary action,â NSE added.
No new position is allowed for any of the F&O contracts in that particular stock when it is under the F&O blackout period. The MWPL (market-wide position limit) is set by the stock exchanges, which corresponds to the maximum number of contracts that can be opened at any time (Open Interest). Therefore, the M&O contracts of this share enter a blackout period if the open interest crosses 95% of the MWPL.
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