Escorts, Punjab National Bank (PNB) and Sun TV stocks under F&O ban on NSE today

Escorts, Punjab National Bank (PNB) and Sun TV stocks under F&O ban on NSE today 

A sum of three stocks/protections have been put under the ban for exchange on Tuesday, November 9, 2021 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These Securities have been put on ban under the F&O section as they have crossed 95% of the market-wide position limit (MWPL), according to the NSE. 

Public loan specialist Punjab Public Bank (PNB) and Escorts keep on being under the F&O ban list for now, while, Sun television has been added to the rundown by the stock trade for Tuesday. The subsidiary agreements in the referenced protections have crossed 95% of the market-wide position limit and are in this manner have been right now put in the ban time frame by the stock trade, said NSE. 

"It is thus educated that all customers/individuals will exchange the subsidiary agreements of said protections just to diminish their situations through counterbalancing positions," the stock trade said. "Any increment in open positions will draw in proper corrective 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 ban period. The MWPL (market-wide position limit) is set by the stock trades which is the greatest number of agreements that can be open whenever (Open Revenue), accordingly, the F&O agreements of that stock enter a ban period if the open revenue crosses 95% of the MWPL.

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