Penalty as prescribed by the exchange is imposed on the client in case market-wide exposure in a particular script reaches or cross 95%. The client has to compulsorily reduce the position till the market-wide position come below 80%. The client can take the fresh position only after the market-wide position in scrip closes below 80% on a particular day. No fresh position will be allowed to the client once the market-wide exposure in a particular scrip crosses 95% till it comes down to 80%. the client/ will be subject to a penalty 1% of the value of increased position subject to a minimum penalty Rs.5000/- per lot per expiry and maximum of Rs.100000.
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