Home Stock exchange IRCTC, Indiabulls Housing among stocks on NSE’s F&O ban list for today; PNB output

IRCTC, Indiabulls Housing among stocks on NSE’s F&O ban list for today; PNB output


A total of six stocks / securities were banned from trading on Thursday, November 18, 2021 under the futures and options segment by the National Stock Exchange (NSE). These securities were banned in the M&O segment because they exceeded 95% of the market wide position limit (MWPL), according to the NSE.

Sun TV, Bharat Heavy Electricals Limited (BHEL), Steel Authority of India (SAIL), Indiabulls Housing Finance, National Aluminum Company (Nalco) and Indian Railway Catering and Tourism Corporation (IRCTC) are the seven stocks that continue to be under the F&O ban list for today.

Meanwhile, the Punjab National Bank (PNB), which was part of the share ban in previous sessions, was removed from the list for Thursday by the exchange.

Derivatives on the mentioned securities have exceeded 95% of the market-wide position limit and are therefore currently put on blackout by the exchange, NSE said.

“It is hereby informed that all clients / members will only trade derivative contracts of said securities to reduce their positions through offsetting positions,” the exchange said. “Any increase in open positions will result in appropriate criminal and disciplinary action,” 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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