Vodafone joins RBL Bank, Delta Corp, Indiabulls Housing Finance on F&O ban list of NSE

The list of stocks banned from trading in the futures and options member has increased to four after these securities crossed 95 percent of the request-wide position limit.

Vodafone Idea, which corrected20.5 percent in former session, was the fourth stock to join the ban list on January 12. It traded with a volume of210.87 crore equity shares on the National Stock Exchange, an increase of 236 percent compared to its five- day normal of62.77 crore shares and an increase of 290 percent compared to its 30- day normal of54.04 crore equity shares.Indiabulls Housing Finance, RBL Bank and Delta Corp continued to be on the exchange’s F&O ban list.

Secondary contracts in these four securities crossed 95 percent of the request wide position limit and hence they’re on the ban list, the NSE said.

All guests/ members shall trade in the secondary contracts of said security only to drop their positions through negativing positions. Any increase in open positions shall attract applicable correctional and correctional action,” the NSE said.

During the ban, dealers aren’t allowed to take fresh positions in stocks under the F&O ban, but they can start reducing their positions. The F&O ban rule helps to reduce enterprise in a stock.

The request wide position limit, which is set by the stock exchanges, is the maximum number of outstanding open positions ( buy and vend) in the F&O contracts of asecurity.However, also its F&O contracts enter the ban period, If the open interest in a stock crosses 95 percent of the request wide position limit.

Normal trading in a security resumes only after the total open interest across exchanges comes down to 80 percent or below the request wide position limit, the NSE said.

Comments

What should you know about Redeeming Mutual Funds?

The world of mutual funds is really tricky if you are not focused. It is not rocket science but you have to be dedicated so as to make the most of your investments. Whether to invest in ELSS, SIP or other schemes; the choices is always yours. It is always better to go through the option before you make the decision. If you are thinking How to redeem mutual funds online then the good news is that the process is quite easy. And on the basis of the kind of mutual fund you hold, money can get credited to your bank account in a maximum of four to five working days after you submit a redemption request to that specific fund house. How can an investor redeem mutual fund units? A unit of a mutual fund can get redeemed on any business day. In the physical mode, investors might require to fill in the requisite transaction slip and it can be download from the fund house website or that of detach from the bottom of your account statement. The redemption application could get submitted

Invest your money to get good returns

Money is everything which one needs to enjoy life. In everyone’s life, money can never be sufficient at any stage. Therefore every individual wants to save money and to invest that saved money to get high returns. Investing money on the right platform is not easy with an increase in companies of investment. There are many duplicate companies present in the market which promises to give high returns, and after investment, they cheat on you. One needs to check the company profile before investing the money. Every investor looks for an option where he gets high returns on low risk or moderate risk. Each shareholder also wants that the company where he is going to invest, is flexible and transparent. Thus the company which satisfy all these points is only mutual fund. Mutual fund: A mutual fund is an investment company with a very reputed name in the share market. A mutual fund is known for its transparency, flexibility, returns and for interesting offers. There is a number of invest

SEBI restrains Poonawalla Fincorp MD, 7 others

The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). All the Entities, viz: Entity nos. 1 to eight are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said witin the interim ex-parte order. RSHPL had earlier this year acquired a controlling stake within the NBFC through an equity infusion of Rs 3,456 crore. Bhutada was director and CEO of Poonawalla Finance, a subsidiary of RSHPL. Bhutada allegedly passed on unpublished price sensitive information (UPSI) to some connected entities, consistent with SEBI’s interim order

Themoneygrowth

Search This Blog