An inventory of six shares/securities have been put beneath the futures and choices (F&O) ban by the Nationwide Inventory Change (NSE) for at this time (September 16, 2021). The six shares beneath F&O ban listing on NSE are Escorts, Solar TV, Nationwide Aluminium Firm (Nalco), SAIL, Zee Leisure and Exide Industries. The by-product contracts within the talked about securities have crossed 95% of the market-wide place restrict and are subsequently have been at the moment put within the ban interval by the inventory alternate.
“It’s hereby knowledgeable that every one shoppers/members shall commerce within the by-product contracts of stated safety solely to lower their positions by way of offsetting positions,” the inventory alternate stated. “Any enhance in open positions shall entice applicable penal and disciplinary motion,” NSE added.
Indian Railway Catering and Tourism Company (IRCTC) is out the the listing. Shares of Zee Leisure Enterprises Restricted have been in focus in current buying and selling periods after Rakesh Jhunjhunwala’s Uncommon Enterprises and BofA Securities Europe SA purchased its shares by way of open market transactions.
No contemporary positions are allowed for any of the F&O contracts in that specific inventory when it’s beneath the F&O ban interval. The MWPL (market-wide place restrict) is about by the inventory exchanges which is the utmost variety of contracts that may be open at any time (Open Curiosity), subsequently, the F&O contracts of that inventory enter a ban interval if the open curiosity crosses 95% of the MWPL.
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