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Select small-priced stocks that are part of future and option segment on Monday faced the bear’s wrath on the back of heavy FII unwinding. Brokers said stocks such as Essar Oil, Nagarjuna Fertilisers, Bindal Agro, WWIL, Parsavanath Developers, Jindal Steel, IVR Prime, Sasken Communications, Bajaj Hindustan and HDIL, RNRL, JP Hydro and Neyveli Lignite saw their prices plummet in excess of 20 per cent. Since these stocks are in derivative segment, they don’t attr act circuit filter. Brokers said most of these stocks had seen a sharp run-up in recent times on the back of excessive speculative interests. In fact, most of these stocks had been attracting the NSE ban quite often, as open interest positions crossed the stipulated 95 per cent of the market wide limit. With the FIIs unwinding of position, speculators were forced to unwind their positions in these stocks as margin call triggered on them, said a broker.

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