Three securities have been placed under the futures and options (F&O) ban for trade on Thursday, September 18. The list includes Angle One, Oracle Financial Services Software (OFSS), and RBL Bank.
Derivatives contracts of these stocks have crossed 95% of the market-wide position limit (MWPL) and therefore fall under the ban period. Traders will not be allowed to take new positions in these securities in the F&O segment until the ban is lifted. Existing positions, however, can be squared off.
The F&O ban mechanism is aimed at curbing excessive speculation in the derivatives market and is reviewed daily by the exchanges.
Disclaimer: The views and information provided are based on exchange updates. These do not represent the views of this publication and should not be considered as investment advice. Investors are advised to consult their financial advisors before making any investment decisions.
