BHEL, Vodafone Idea, 4 other stocks part of NSE’s F&O ban list for

Vodafone Idea, Steel Authority of India (SAIL), Indiabulls Housing Finance, Escorts, and Granules India continue to be part of the stock ban list whereas Bharat Heavy Electricals Limited (BHEL) stock has been added to the F&O ban by the stock exchange for today. The NSE updates the list of securities in ban for trade everyday.

The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange, said NSE.

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

No fresh positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL.