Delta Corp added to list of 5 stocks under F&O ban on NSE today

Market


A total of five stocks have been put under the ban for trade on Wednesday, January 18, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been put on ban under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE.

Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) and L&T Finance Holdings Ltd are the stocks that continue to be a part of the F&O ban list for today whereas Delta Corp and Manappuram Finance Ltd have been added to the ban on Wednesday. The NSE updates the list of securities in F&O ban for trade everyday.

“It is hereby informed that all clients/members shall trade in the derivative contracts of said securities 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.

The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange, said NSE.

No fresh positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL.

Meanwhile, for Wednesday, Indian indices may witness a higher start as SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a gap-up opening for the Indian stock market today.


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