Escorts, Granules, Indiabulls Housing Finance, Vodafone Idea and SAIL banned under NSE's F-;O list today

18 Jan 2022 , 11:40 AM

A list of five stocks is banned under the Futures and Options (F&O) on the National Stock Exchange of India (NSE) on Tuesday.

These stocks are Escorts, Granules India, Indiabulls Housing Finance, Vodafone Idea, and SAIL.

These stocks are banned after their derivative contracts crossed 95% of the market-wide position limit.

Thereby, NSE informs that all clients/ members shall trade in derivative contracts of these companies by offsetting their existing positions till the open interest comes down to 80% of the market-wide position limit.

F&O are the most common derivative contracts available in the markets for a trade where two parties enter into a contract.