Indiabulls Housing Finance, Escorts, Vodafone Concept have been put beneath the ban for commerce on Monday, December 20, 2021 beneath the futures and choices phase by the Nationwide Inventory Change (NSE). The safety has been placed on ban beneath the F&O phase as they’ve crossed 95% of the market-wide place restrict (MWPL), as per the NSE.
The spinoff contracts within the talked about securities have crossed 95% of the market-wide place restrict and so they have at present been put within the ban interval, stated NSE.
“It’s hereby knowledgeable that every one purchasers/members shall commerce within the spinoff contracts of stated safety solely to lower their positions via offsetting positions. Any improve in open positions shall entice acceptable penal and disciplinary motion,” the NSE stated.
The market-wide place restrict or MWPL is a restrict that defines the utmost variety of unsettled choice contracts for any given spinoff inventory. At the moment, the MWPL for Indian spinoff shares is 95%. No recent positions are allowed for any of the F&O contracts in that exact inventory when it’s beneath the F&O ban interval.
Supply: Live Mint