NSE adds Punjab National Bank to F&O ban list for expiry day
- The National Stock Exchange has added Punjab National Bank to its F&O ban list for October 27, the expiry day for monthly futures & options contracts, after the scrips crossed 95 percent of the market-wide position limit.
- It will be the second stock in the F&O ban list for Thursday. PNB shares rallied more than 5 percent on October 25, taking total gains to more than 20 percent in last seven consecutive sessions.
- The stock has seen long bullish candlestick pattern formation on the daily charts with large volumes on Tuesday, and also it has seen long build-up on the same day.