India Cements joins the list of stocks under F&O ban on NSE today

Delta Corp and Indiabulls Housing Finance stocks remain a part of NSE’s F&O ban list, while India Cements has been added to the list by the stock exchange for today. NSE updates the list of securities in F&O restrictions for trading daily.

Part of the Indiabulls Group, Indiabulls Housing Finance is one of the leading home finance companies in India. Whereas, Delta Corp is an Indian gaming and hospitality company that owns and operates casinos (live, electronic and online). India Cements is one of the leading manufacturers and supplier of cement in India.

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 negative opening for Monday, with SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicating a gap down opening for Indian. stock market today,