Escorts and the Punjab National Bank (PNB) continue to be subject to an F&O ban. While Indiabulls Housing Finance, which was on the stock ban list in previous sessions, is unlisted by the exchange for today. The NSE updates the list of prohibited securities on a daily basis.

Derivative contracts on the mentioned securities have breached 95% of the market-wide position limit and are therefore currently blacklisted by the exchange, NSE said.

“It is hereby advised that all clients/members will only trade derivative contracts in these securities to decrease their positions through offsetting positions,” the exchange said. “Any increase in open positions will result in appropriate criminal and disciplinary sanctions,” NSE said. added.

No new positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O blackout period. The MWPL (market-wide position limit) is set by the exchanges which is the maximum number of contracts that can be opened at any time (Open Interest), therefore, F&O contracts for this stock enter a period blackout if the open interest crosses 95% of the MWPL.