A total of three shares have been banned from trading on Thursday, June 22, 2022 under the Futures and Options (F&O) segment by the National Stock Exchange (NSE). According to NSE, securities have been banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL).
Financial stocks RBL Bank, and Indiabulls Housing Finance are among the three stocks that are issued F&O Restrictions List by Stock Exchange, while Sun TV has been added to Stock Sanctions List for today. NSE updates the list of securities in F&O restrictions for trading daily.
NSE said 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. MWPL (market-wide position limit) is set by stock exchanges which is the maximum number of contracts that can be open (open interest) at any given time, therefore, F&O contracts of that stock enter a restriction period if open interest MWPL has crossed 95%.
Meanwhile, Indian indices may open weak on Thursday amid a mixed trend. On Wednesday, the indices posted two-day winning runs to set a losing record. For Thursday, SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange indicates a flat start for Indian. stock market today,