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Wednesday, October 4, 2023

PVR, 2 other shares under F&O ban on NSE today

The National Stock Exchange (NSE) banned trading of up to three shares on Monday, January 23, 2023 in the futures and options (F&O) segment. These securities have been banned from the F&O segment as they have crossed 95% of the market position limit (MWPL), according to the NSE.

L&T Finance Holdings Ltd, Delta Corp and PVR are the stocks that continue to be part of the F&O ban list for today. The NSE updates the list of F&O prohibited securities for trading every day.

“It is hereby informed that all clients/members will trade in the derivative contracts of such securities only to decrease their positions through offsetting positions,” the stock exchange said. “Any increase in open positions will attract appropriate criminal and disciplinary action,” NSE added.

Derivative contracts on the aforementioned securities have exceeded 95% of the market position limit and are therefore currently placed under a ban period by the stock exchange, NSE said.

No new positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O blackout period. The MWPL (Wide Market Position Limit) is set by the stock exchanges, which is the maximum number of contracts that can be opened at any time (Open Interest), therefore, the F&O contracts of that stock enter a period of prohibition if the open interest crosses 95% of the MWPL.

Meanwhile, for Monday, the Indian indices may see a higher start as the SGX Nifty, the Singapore Nifty, which is the Indian Nifty listed on the Singapore Stock Exchange, signals a gap opening for the equity market. Indian values ​​today.

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