Todays NSE Circular states that there will be Exclusion of futures and options contracts on 51 securities. The list of stocks to be removed are listed below. However, the existing unexpired contracts for the month of July, August and September 2012 would continue to be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.
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List of Stocks Removed from FNO
SEBI Guidlines for Eligibility criteria for stocks in derivatives segment
1)The stock shall be chosen from amongst the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis.
2)The stock’s median quarter-sigma order size over the last six months shall be not less than Rs. 5 lakhs. For this purpose, a stock’s quarter-sigma order size shall mean the order size (in value terms) required to cause a change in the stock price equal to one-quarter of a standard deviation.
3)The market wide position limit in the stock shall not be less than Rs. 100 crores. The market wide position limit (number of shares) shall be valued taking the closing prices of stocks in the underlying cash market on the date of expiry of contract in the month. The market wide position limit of open position (in terms of the number of underlying stock) on futures and option contracts on a particular underlying stock shall be 20% of the number of shares held by non-promoters in the relevant underlying security i.e. free-float holding.
Download the NSE Circular
Is this a permanent thing ??? Aban was such a great stock(fut) to swing trade 🙁
@mithoon
Yes its a permanent thing.
problem will be new data base for future, when some added for exclusion of these scrips.(my point of view)