Under the futures and choices (F&O) phase, two shares have been banned from commerce on Thursday, February 1, by the National Stock Exchange (NSE). The securities banned for the F&O commerce are Steel Authority of India Ltd (SAIL) and Zee Entertainment Enterprises Ltd (ZEEL).

Derivative contracts of those shares have been banned because the open market curiosity for these securities has crossed 95% of the market-wide place restrict (MWPL) set by the exchanges. The MWPL is the utmost variety of contracts that may be opened at any explicit time. 

The open curiosity for ZEEL’s spinoff contracts stood at 92.9% of its MWPL at Wednesday’s closing time; therefore, it was retained on the listing from January 31. SAIL was added to the listing on Thursday because the open curiosity of its F&O contracts reached 102.1%. 

The ban might be lifted as soon as the place falls beneath 80%. Traders will get penalised for purchasing or promoting these securities. They might be accessible for buying and selling within the money market. 

The National Stock Exchange updates the listing of securities on the F&O ban listing each day. This listing serves as a information for merchants and traders available in the market. Traders who commerce in indices don’t encounter a state of affairs of safety ban.