• A total of three scrips have been placed under F&O restrictions for trading on Thursday, December 22
A total of three scrips have been banned for trading on Thursday, December 22, 2022, under the Futures and Options (F&O) segment by the National Stock Exchange (NSE). These securities have been restricted under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per NSE.
Indian Railway Catering and Tourism Corporation (IRCTC), Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), and Indiabulls Housing Finance are the three stocks that are part of the F&O ban list. NSE updates the list of securities in the F&O limit for trading daily.
NSE said that the derivative contracts in the mentioned securities have crossed 95% of the market wide position limit and hence are currently put in the ban period by the stock exchange.
"It is hereby informed that all clients/members shall trade in derivative contracts of the above securities only to reduce their positions by way of offsetting positions," the stock exchange said. "Any increase in open positions will attract appropriate penal and disciplinary action," NSE added.
No fresh positions are allowed for any F&O contract in a particular stock under the F&O restriction period. MWPL (Market-Wide Position Limit) is set by the stock exchanges which is the maximum number of contracts that can be opened at any point of time (Open Interest), therefore, F&O contracts of that stock enter into a restriction period if open Interest crossed 95% of MWPL.
Meanwhile, for Thursday, the Indian indices may see a positive start as SGX Nifty, Singapore Nifty which is the Indian Nifty traded on Singapore Stock Exchange today indicates gap up opening for the Indian stock market .
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