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RBL Bank, Indiabulls’ housing stocks continue to be part of NSE’s F&O ban list

A total of two stocks were banned from trading on Friday, September 16, 2022 in the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities were banned in the F&O segment because they crossed 95% of the market-wide position limit (MWPL), according to the NSE.

Shares of RBL Bank and Indiabulls Housing Finance remain on the F&O ban list, while Delta Corp was removed from the stock exchange ban for today. The NSE updates the list of securities in F&O ban for trading daily.

Derivative contracts on the mentioned securities have breached 95% of the market-wide position limit and are therefore currently blacklisted by the exchange, NSE said.

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

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 (market-wide position limit) is set by the exchanges which is the maximum number of contracts that can be opened at any time (Open Interest), therefore, F&O contracts for this stock enter a period blackout if the open interest crosses 95% of the MWPL.

Meanwhile, Indian indices could get off to a negative start as on Friday, SGX Nifty, Singapore Nifty, i.e. the Indian Nifty traded on the Singapore Stock Exchange, points to a lower open for the Indian stock market today. today.

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