Which stocks are likely to stay in the ban in the Futures & Options (F&O) market? Which stocks will be able to take an exit while which will enter the list? Zee Business Research Analyst Ashish Chaturvedi brings this research.  

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The NSE Ban list tells that Escorts Limited, Indiabulls Housing Finance Limited, Vodafone Idea and Steel Authority of India Limited (SAIL) remain in the ban.  

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Currently four companies are under the ban viz Escorts Limited, Indiabulls Housing Finance Limited, Vodafone Idea and Steel Authority of India Limited (SAIL).

Chaturvedi said that these four companies are likely to remain in the ban list for now. This is because the positions have not been reducing in these stocks.

F&O ban applies to all the stocks that are traded in this segment. The stock exchanges set a Market-wide Positions Limits (MWPL) for stocks in this segment. MWPL is the maximum number of contracts that can be open at any time (Open Interest). If the open interest of any stock crosses 95 per cent of the MWPL of all futures and options contracts of that stock, all F&O contracts of that stock enter a ban period.  

According to this report MWPL for Escorts is at 95 per cent; for IB Housing it is 91 per cent, Vodafone Idea at 89 per cent and SAIL at 84 per cent. This was the status during the market hours.

One stock that could now see an entry in this list is Granules India Limited whose MWPL has crossed the threshold limit today, he said. It was around 114 per cent around this time.

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This stock today witnessed significant correction and settled at Rs 330.95 on the NSE, down by Rs 26 or over 7 per cent from the last closing price on Friday.