IRCTC, Tata Power and Nalco continue to be among actions banned by F&O at NSE

The same ten stocks, which were placed on the Prohibited Futures and Options (F&O) list on Wednesday, continue to be subject to a trade ban by the National Stock Exchange (NSE) on Friday, October 22, 2021 also. These securities are banned in the M&O segment because they have exceeded 95% of the market wide position limit (MWPL), according to the NSE.

The ten stocks under F&O ban on NSE today are: Indian Railway Catering and Tourism Corporation (IRCTC), Punjab National Bank (PNB), Vodafone Idea, Sun TV, National Aluminum Company Limited (Nalco), Escorts, Amara Raja Batteries Ltd , L&T Finance Holdings, Tata Power and Steel Authority of India (SAIL).

Derivatives on the mentioned securities have exceeded 95% of the market-wide position limit and are therefore currently put on blackout by the exchange, NSE said.

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

No new position is 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 stock exchanges, which corresponds to the maximum number of contracts that can be opened at any time (Open Interest). Therefore, the M&O contracts of this share enter a blackout period if the open interest crosses 95% of the MWPL.

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