Under the futures and options (F&O) segment, three stocks were removed, and only two stocks were retained under the ban list for trade on Monday, June 26, by the National Stock Exchange (NSE). 

The securities banned for F&O trade are the PSU miner Hindustan Copper and the private sector lender RBL Bank.  

The leading domestic bourse has exited Punjab National Bank, L&T Finance Holdings and BHEL from its F&O ban list in today’s session.

Derivative contracts of these stocks were banned as they have crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time. 

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market.

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.