IEX shares in the F&O ban list today. Here's what it means
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Shares of Indian Energy Exchange Ltd (IEX) were placed under the Futures and Options (F&O) ban on Thursday, July 24, after the open interest in its derivatives contracts crossed 95% of the Market-Wide Position Limit (MWPL) set by the National Stock Exchange. The move comes amid heightened trading activity following a regulatory order on power market coupling that triggered a steep sell-off in the stock. Under the NSE’s framework, a security enters the F&O ban list when the combined outstanding positions in futures and options exceed 95% of the permitted threshold, a regulatory cap based on the total number of shares available for trading by non-promoter shareholders. Once a stock breaches this limit, no fresh F&O positions can be initiated, though existing positions may still be squared off. The mechanism is designed to curb excessive speculation and prevent disorderly market conditions, particularly near expiry periods. IEX s...