Vodafone Idea, Zee shares continue to suffer F&O on NSE today

A total of two stocks were banned from trading on Wednesday, September 28, 2022 under the futures and options (F&O) segment by the National Stock Exchange (NSE). Securities were banned under the F&O segment because they exceeded 95% of the market-wide position limit (MWPL), according to the NSE.

Shares of Vodafone Idea and Zee Entertainment Enterprises continue to be on the F&O ban list while Punjab National Bank (PNB) has been removed from the list by the stock exchange as of today. NSE updates the list of securities banned from trading by F&O on a daily basis.

The NSE said that derivatives contracts in the securities in question have passed 95% of the market-wide position limit and are therefore currently banned by the stock exchange.

The stock exchange said: “Accordingly, all clients/members will trade in derivatives contracts of the aforementioned securities solely to reduce their positions through clearing positions. more.

No new positions are allowed on any F&O contract in that particular stock while it is in the F&O ban. The MWPL (market-wide position limit) set by the stock exchanges is the maximum number of contracts that can be opened at any time (Open Interest), so that stock’s F&O contracts will be banned if open interest exceeds 95% MWPL.

Meanwhile, Indian indices could see a negative start as for Wednesday, the SGX Nifty, Singapore Nifty, which is India’s Nifty traded on the Singapore Stock Exchange, shows an open falling gap for India stock market today.

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