One out of 209 stocks in the futures & options segment is in the ban period as the market-wide position limit has crossed the 95 per cent mark.
The derivative contracts of L&T Financial Holdings has crossed 95 per cent of the market-wide position limit and is currently in the ban period.
As per the exchange regulations, only existing trades can be settled during the ban phase. However, fresh positions, if any, created attract a penalty of Rs 5,000 per contract.
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.
Any increase in open positions shall attract appropriate penal and disciplinary action in accordance with the Circular No. NSCC/F&O/C&S/365 dated August 26, 2004.
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