The NSE has banned state-run
Punjab National Bank (PNB) from trading on Monday under the futures and options (F&O) segment.
As per the NSE, the derivative contracts in the underlying PNB have crossed 95% of the market-wide position limit on Oct 29, 2021.
That said, NSE informed that all clients/ members shall trade in derivative contracts of PNB by offsetting their existing positions till the open interest comes down to 80% of the market-wide position limit.
On stock exchanges, PNB stock was trading broadly flat but in green.
At around 11.20 am, PNB was trading at Rs42.15 per piece up 0.12% on NSE. The stock has touched an intraday high and low of Rs42.65 per piece and Rs41.80 per piece respectively.
