Top Stories

BHEL, PNB shares under F&O ban on NSE today

 



• A total of two stocks have been banned for trading as on Thursday, October 27, 2022

A total of two shares have been banned for trading by the National Stock Exchange (NSE) under the Futures and Options (F&O) segment on Thursday, October 27, 2022. According to NSE, securities have been banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL).

Bharat Heavy Electricals Limited (BHEL) and Punjab National Bank (PNB) are two such stocks that are part of the F&O sanctions list by the stock exchange for today. NSE updates the list of securities in F&O restrictions for trading daily.

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, SGX Nifty, Singapore Nifty which is the Indian Nifty traded on the Singapore Stock Exchange, indicates a higher opening for the Indian stock market today.

No comments: