Vodafone Idea, Canara Bank, IRCTC among 6 stocks under F&O ban on NSE today
These securities are restricted under the F&O section as they have crossed 95% of the market-wide position limit (MWPL), according to the NSE
6 stocks/securities have been put under the prospects and alternatives (F&O) boycott for exchange by the National Stock Exchange (NSE) on Friday, September 24, 2021. These protections are prohibited under the F&O portion as they have crossed 95% of the market-wide position limit (MWPL), according to the NSE.
Indian Railway Catering and Tourism Corporation (IRCTC), Vodafone Idea, Punjab National Bank (PNB), Indiabulls Housing Finance, Escorts keep on being among the rundown of stocks that have been put under the F&O boycott today while public loan specialist Canara Bank has been added to the rundown today. Sun TV, which was a piece of the prohibition on Thursday, is out of the rundown for on Friday.
The subsidiary agreements in the referenced protections have crossed 95% of the market-wide position limit and are consequently have been right now put in the boycott time frame by the stock trade.
"It is thusly educated that all customers/individuals will exchange the subordinate agreements of said security just to diminish their situations through counterbalancing positions," the stock trade said. "Any expansion in open positions will draw in fitting correctional and disciplinary activity," NSE added.
No new positions are considered any of the F&O contracts in that specific stock when it is under the F&O boycott period. The MWPL (market-wide position limit) is set by the stock trades which is the most extreme number of agreements that can be open whenever (Open Interest), subsequently, the F&O agreements of that stock enter a boycott period if the open revenue crosses 95% of the MWPL.
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