Punjab National Bank (PNB) is the only stock in ban for F&O trade on Monday
Punjab National Bank (PNB) is the only stock in ban for F&O trade on Monday
The stock has 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. Punjab Public Bank (PNB) is the main stock/securities in ban for exchange on Monday, November 1, 2021 under the fates and choices (F&O) fragment by the Public Stock Trade (NSE). This protections have been put on boycott under the F&O fragment as they have crossed 95% of the market-wide position limit (MWPL), according to the NSE.
The subordinate agreements in the referenced protections have crossed 95% of the market-wide position limit and are hence 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 subordinate agreements of said protections just to diminish their situations through balancing positions," the stock trade said. "Any expansion in open positions will draw in fitting reformatory 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 greatest number of agreements that can be open whenever (Open Revenue), accordingly, the F&O agreements of that stock enter a boycott period if the open revenue crosses 95% of the MWPL.
There were no stocks under the F&O ban by the stock trade in the past meeting i.e., on Friday, 29th October, 2021. In the mean time, eight new stocks were made accessible for exchanging the F&O section from October 29 which incorporates Atul Restricted, Birlasoft Restricted, Chambal Manures and Synthetic substances Restricted, Firstsource Arrangements Restricted, Gujarat State Petronet Restricted (GSPL), Laurus Labs Restricted, SBI Cards and Installment Administrations Restricted, Whirlpool of India Restricted.
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