Nine out of 172 stocks in the futures & options segment are in the ban period as the market-wide position limits have crossed the 95 percent mark.
The derivative contract of Bank of India, Jet Airways, India Cements, Dish TV India, Indiabulls Real Estate, Jain Irrigation, Reliance
Communications, Wockhardt and Jindal Steel & Power have crossed 95 percent of the market-wide position limit and are currently in the ban period.
As per the exchange regulations, only existing trades can be settled during the ban phase. However, fresh positions, if any, created attract a penalty of Rs 5,000 per contract.
It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.
Any increase in open positions shall attract appropriate penal and disciplinary action in accordance with the Circular No. NSCC/F&O/C&S/365 dated August 26, 2004.
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