2 PSU stocks continue to be part of F&O ban on NSE. Check here
Live MintAs many as four stocks have been put under the ban for trade on Friday, February 17, 2023 under the futures and options segment by the National Stock Exchange. Ambuja Cements, Indiabulls Housing Finance, PSUs Punjab National Bank and Bharat Heavy Electricals Limited stocks continue to be part of the F&O ban list by the stock exchange for today. “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. The MWPL is set by the stock exchanges which is the maximum number of contracts that can be open at any time, therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL. 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.