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By Malvika Gurung
Investing.com — One new inventory has been added below the Futures and Choices (F&O) ban record for commerce by the Nationwide Inventory Trade on Monday. It’s the fertilizers producer Gujarat Narmada Valley Fertilizers & Chemical compounds (NS:) or GNFC.
The chemical scrip has been declining for the previous three classes, and has plunged over 31% in virtually 6 weeks now. It fell over 9% in its earlier session.
There are two different shares already below the F&O ban record, and proceed to take action for Monday as effectively. They embody the general public sector lender Punjab Nationwide Financial institution (NS:) and the housing finance firm Indiabulls Housing Finance (NS:).
All of the three shares have exceeded 95% of the market-wide place restrict (MWPL), thereby inserting them below the F&O ban record by NSE. The inventory trade updates the record every single day.
Whereas on the Futures and Choices ban record, no new/contemporary F&O positions could be purchased or offered for the inventory(s), else that dealer will get penalised. Merchants with current positions in that safety can unwind their positions.
Furthermore, the market-wide place restrict is about by the inventory exchanges.
The NSE directs all purchasers/members to commerce within the spinoff contracts of the aforementioned securities solely to lower their positions by means of offsetting positions.
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