A stock has been banned for trading on Friday, September 9, 2022 by the National Stock Exchange (NSE) under the Futures and Options (F&O) segment. According to NSE, the over the counter has been banned under the F&O segment as it has crossed 95% of the market-wide position limit (MWPL).
remains part of Delta Corp. F&O Ban Stock list by stock exchange for today. NSE updates the list of securities in F&O restrictions for trading daily. Delta Corp is an Indian gaming and hospitality company that owns and operates casinos (live, electronic and online).
NSE said that the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limits and are therefore currently placed in the ban period by the stock exchange.
“It is hereby informed that all the clients/members shall trade in the derivative contracts of the said securities only to reduce their position by way of offsetting positions,” the stock exchange said. “Any increase in open positions will attract appropriate penalty and disciplinary action,” the NSE added.
No fresh positions are allowed for any F&O contract in that particular stock under the F&O restriction period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of open contracts at any given time (open interest), therefore, the F&O contracts of that stock enter a restriction period if the open interest is MWPL. has exceeded 95%.
Meanwhile, Indian indices may see a positive start. Benchmark BSE Sensex and Nifty closed two consecutive sessions lower on Thursday with gains of 1%. For Friday, SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange indicates a gap opening for Indian stock market today,
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