Under the futures and options (F&O) segment, three stocks were removed, and one stock was added to the list of banned contracts on Thursday, July 13, by the National Stock Exchange (NSE). 

Public sector undertaking (PSU) miner Hindustan Copper was added to the list of securities banned from the F&O trade on Thursday by the NSE. At the same time, gaming and hospitality major Delta Corp, pharma player Granules India, and engineering PSU giant BHEL were removed from the list. 

Kerala-based NBFC Manappuram Finance, public sector lender Punjab National Bank, home finance major Indiabulls Housing Finance, media major ZEEL, and cement manufacturer India Cements were retained on the list from the previous trading 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.