A complete of three shares have been put beneath the ban for commerce on Wednesday, February 23, 2022 beneath the futures and choices (F&O) section by the Nationwide Inventory Change (NSE). These securities have been placed on ban beneath the F&O section because it has crossed 95% of the market-wide place restrict (MWPL), as per the NSE.
Escorts and Punjab Nationwide Financial institution (PNB) proceed to be beneath the F&O ban. Whereas, Indiabulls Housing Finance has been added to inventory ban checklist checklist by the inventory change for in the present day. The NSE updates the checklist of securities in ban for commerce on a regular basis.
The by-product contracts within the talked about securities have crossed 95% of the market-wide place restrict and are due to this fact have been presently put within the ban interval by the inventory change, mentioned NSE.
“It’s hereby knowledgeable that each one shoppers/members shall commerce within the by-product contracts of mentioned securities solely to lower their positions by means of offsetting positions,” the inventory change mentioned. “Any enhance in open positions shall appeal to applicable penal and disciplinary motion,” NSE added.
No contemporary positions are allowed for any of the F&O contracts in that individual inventory when it’s beneath the F&O ban interval. The MWPL (market-wide place restrict) is about by the inventory exchanges which is the utmost variety of contracts that may be open at any time (Open Curiosity), due to this fact, the F&O contracts of that inventory enter a ban interval if the open curiosity crosses 95% of the MWPL.
Supply: Live Mint