Only one stock has been banned for trading on Thursday, August 2, 2022 under the Futures and Options (F&O) segment by the National Stock Exchange (NSE). 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).
Bank Stock RBL Bank is placed by the Stock Exchange as part of the F&O Sanctions List for today. NSE updates the list of securities in F&O restrictions for trading daily.
RBL Bank is one of India’s leading private sector banks providing specialized services in corporate and institutional banking, commercial banking, retail property and treasury and financial markets operations. rbl bank shares Closed 17% higher on Wednesday after the board approved the fit underrating plan.
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 have a positive start on Thursday, with SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicating a higher opening for Indian. stock market today,
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