Only one stock has been restricted for trading on Wednesday, February 8, 2023, under the Futures and Options (F&O) segment by the National Stock Exchange (NSE). The counter has been restricted under the F&O segment as it has crossed 95% of the market-wide position limit (MWPL) as per NSE.
cement maker Ambuja Cements has been added to the list by the stock exchange for today, while ports operator Adani Ports, which was part of the ban in the last few sessions, has been delisted on Wednesday. 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.
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