Two out of 175 stocks in the futures & options segment are in the ban period as the market-wide position limits have crossed the 95 percent mark.
The derivative contract of Just Dial and Wockhardt have crossed 95 percent of the market-wide position limit and are 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.
Please rate this news :
Login below to leave a comment:
Spot Market Update: Turmeric trades down