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HomeNewsBusinessMarketsNSE announces 6 new stocks to join F&O segment from January 31, check list here

NSE announces 6 new stocks to join F&O segment from January 31, check list here

Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India and Torrent Power added to the F&O segment.

January 08, 2025 / 08:18 IST
The market lot and scheme of strikes of the securities shall be informed to members on January 30, said NSE.

The National Stock Exchange of India (NSE) announced that six securities would be added to the Futures and Options (F&O) segment from January 31, 2025. Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India and Torrent Power are the six counters that will be added.

NSE noted that the stock selection criteria is following markets regulator Securities and Exchange Board of India's rules, and approval has been received from the regulator.

The exchange added that the market lot and scheme of strikes of the securities shall be informed to members on January 30, 2025 through a separate circular. Further, the details of applicable quantity freeze shall be available in the contract file which shall be applicable for trading on January 31,2025.

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The National Stock Exchange also announced the removal of 16 stocks from the F&O segment, effective February 28, 2025, stating that no contracts will be available for trading beyond this date.

The excluded stocks include PVR Inox, United Breweries, Abbott India, Atul, Bata India, Can Fin Homes, Coromandel International, City Union Bank, Gujarat Narmada Valley Fertilizers and Chemicals, Gujarat Gas, IndiaMart Intermesh, IPCA Laboratories, Dr. Lal Path Labs, Metropolis Healthcare, Navin Fluorine International, and Sun TV Network.

In November 2024, the NSE introduced futures and options contracts on 45 stocks. This included companies such as Life Insurance Corporation, Jio Financial Services, Adani Energy Solutions, Adani Green Energy, Nykaa, Paytm, YES Bank, and Zomato, among others.

Analysts have previously said that inclusion in the derivatives segment can significantly enhance trading volumes and price discovery for these stocks. NSE MD and CEO Ashish Chauhan said that many of these stocks were included after achieving higher liquidity and size thresholds.

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Moneycontrol News
first published: Jan 8, 2025 08:16 am

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