Two stocks have been banned for trading on Monday, February 13, 2023, under the Futures and Options (F&O) segment by the National Stock Exchange (NSE). The securities are restricted under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL) as per NSE.
cement maker Ambuja Cements and housing finance firm Housing Finance are the two stocks that are part of the F&O ban list by the stock exchange for today. NSE updates the list of securities in the F&O limit for trading daily.
“It is hereby informed that all clients/members shall trade in derivative contracts of the above securities only to reduce their positions by way of offsetting positions,” the stock exchange said. “Any increase in open positions will attract appropriate penal and disciplinary action,” NSE added.
NSE said that the derivative contracts in the mentioned securities have crossed 95% of the market wide position limit and hence are currently put in the ban period by the stock exchange.
No fresh positions are allowed for any F&O contract in a particular stock under the F&O restriction period. MWPL (Market-Wide Position Limit) is set by the stock exchanges which is the maximum number of contracts that can be opened at any point of time (Open Interest), therefore, F&O contracts of that stock enter into a restriction period if open Interest crossed 95% of MWPL.
Meanwhile, for Monday, the Indian indices may see a negative opening as SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicates a lower opening for the Indian. stock market today,
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