Ten shares/securities have been placed under Futures and Options (F&O) restrictions for trade by the National Stock Exchange (NSE) on Thursday, October 21, 2021. These securities have been banned under F&O segment as they have crossed 95%. % of Market-wide Position Limit (MWPL) as per NSE.
Indian Railway Catering and Tourism Corporation (IRCTC), Punjab National Bank (PNB), Vodafone Idea, Sun TV, National Aluminum Company Limited (NALCO), Escorts and Amara Raja Batteries Limited continue to be banned.
Meanwhile, L&T Finance Holdings, Tata Power, Steel Authority of India (SAIL) have been added to the list by the stock exchange for the F&O stock ban for Thursday. Whereas, Indiabulls Housing Finance and Bharat Heavy Electricals Limited (BHEL) are out of today’s list.
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 by way of offsetting positions only to reduce their position,” 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 contracts that can open at any given time (open interest), therefore, F&O contracts for that stock enter a restriction period if the open interest Crossed 95% of MWPL
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