Stocks Under F&O Ban: Bandhan Bank, and Others 

Under the futures and options (F&O) segment, two stocks were banned from trade on Thursday, 22 January, by the National Stock Exchange (NSE). The securities banned for the F&O trade are Bandhan Bank and Sammaan Capital.  

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

Sammaan Capital was retained on the list from Tuesday as the open interest % of the MWPL of its F&O contracts stood at 91.5%. 

The above securities were retained on the list from Wednesday, 21 January. Bandhan Bank was added to the list on Thursday as the open interest of their F&O contracts reached 96.6%.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The open interest for F&O contracts of Steel Authority of India declined below the 80% limit. Hence, it was removed from the list on Thursday.

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

Unlock profitable opportunities every day! Tradz by EquityPandit provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Tradz by EquityPandit and start winning now!

The post Stocks Under F&O Ban: Bandhan Bank, and Others  appeared first on Equitypandit.