Indian Railway Catering and Tourism Corporation (IRCTC), Vodafone Idea (Vi), Canara Bank, Exide Industries, LIC Housing Finance, Escorts, Sun TV and National Aluminium Company (Nalco) continue to be under the ban whereas Zee Entertainment Enterprises has been added in the list of stocks under F&O ban today. Shares of Zee Entertainment Enterprises Limited zoomed in past two trading sessions after Rakesh Jhunjhunwala’s Rare Enterprises and BofA Securities Europe SA bought its shares through open market transactions.

The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange.

“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,” the stock exchange said. “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.

No fresh positions are allowed for any of the F&O contracts in that particular stock when it is under the F&O ban period. The MWPL (market-wide position limit) is set by the stock exchanges which is the maximum number of contracts that can be open at any time (Open Interest), therefore, the F&O contracts of that stock enter a ban period if the open interest crosses 95% of the MWPL.