A total of four stocks have been been put under the ban for trade on Wednesday, January 12, 2022 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.
The four stocks are: Vodafone Idea, Indiabulls Housing Finance, Delta Corp and RBL Bank. As the Indiabulls Housing Finance, Delta Corp and RBL Bank stocks that were already under the F&O ban in the previous sessions continued to be under the list, Vodafone Idea was added by the stock exchange to the F&O ban stock list for today. NSE updates the list of securities in ban for trade everyday.
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.
“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.
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.
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