These Four Stocks are Under the F&O Ban List for Dec 23: Details
Investing.com — Four stocks have been placed under the Futures and Options (F&O) ban list for trade on December 23, 2021, by the NSE.
These stocks include Vodafone Idea (NS:), Zee Entertainment (NS:), Escorts (NS:) and Indiabulls (NS:) Housing Finance.
Zee Entertainment announced signing a definitive merger agreement with Sony Pictures Networks on Wednesday, which will take at least 8 months to close.
The four securities are banned for trade under the futures and options segment on Thursday because they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls below 80%.
While on the Futures and Options ban list, no new/fresh F&O positions can be bought or sold for the stock(s), else that trader gets penalised. Traders with existing positions in that security can unwind their positions.
Moreover, the market-wide position limit is set by the stock exchanges.
The NSE directs all clients/members to trade in the derivative contracts of the aforementioned securities only to decrease their positions through offsetting positions.
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