Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Exclusion of 51 securities from futures and options contracts

57 sec read

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.

 
List of Stocks Removed from FNO

S.NoSYMBOLNAME OF COMPANY
1ABANABAN OFFSHORE LIMITED
2AILALSTOM INDIA LIMITED
3BAJAJHINDBAJAJ HINDUSTHAN LIMITED
4BAJAJHLDNGBAJAJ HOLDINGS & INVESTMENT LIMITED
5BALRAMCHINBALRAMPUR CHINI MILLS LIMITED
6BELBHARAT ELECTRONICS LIMITED
7BEMLBEML LIMITED
8BFUTILITIEBF UTILITIES LIMITED
9BGRENERGYBGR ENERGY SYSTEMS LIMITED
10BOMDYEINGBOMBAY DYEING & MFG COMPANY LIMITED
11BOSCHLTDBOSCH LIMITED
12COREEDUTECCORE EDUCATION & TECHNOLOGIES LIMITED
13CUMMINSINDCUMMINS INDIA LIMITED
14DCBDEVELOPMENT CREDIT BANK LIMITED
15DELTACORPDELTA CORP LIMITED
16EDUCOMPEDUCOMP SOLUTIONS LIMITED
17ESCORTSESCORTS LIMITED
18ESSAROILESSAR OIL LIMITED
19FORTISFORTIS HEALTHCARE LIMITED
20GESHIPTHE GREAT EASTERN SHIPPING COMPANY LIMITED
21GLAXOGLAXOSMITHKLINE PHARMACEUTICALS LIMITED
22GMDCLTDGUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED
23HCCHINDUSTAN CONSTRUCTION COMPANY LIMITED
24HINDOILEXPHINDUSTAN OIL EXPLORATION COMPANY LIMITED
25INDIAINFOINDIA INFOLINE LIMITED
26INDIANBINDIAN BANK
27JETAIRWAYSJET AIRWAYS (INDIA) LIMITED
28JINDALSAWJINDAL SAW LIMITED
29JSWISPATJSW ISPAT STEEL LIMITED
30LITLLANCO INFRATECH LIMITED
31MAXMAX INDIA LIMITED
32MRPLMANGALORE REFINERY AND PETROCHEMICALS LIMITED
33MTNLMAHANAGAR TELEPHONE NIGAM LIMITED
34OILOIL INDIA LIMITED
35ONMOBILEONMOBILE GLOBAL LIMITED
36ORCHIDCHEMORCHID CHEMICALS & PHARMACEUTICALS LIMITED
37PATELENGPATEL ENGINEERING LIMITED
38POLARISPOLARIS FINANCIAL TECHNOLOGY LIMITED
39PRAJINDPRAJ INDUSTRIES LIMITED
40ROLTAROLTA INDIA LIMITED
41RUCHISOYARUCHI SOYA INDUSTRIES LIMITED
42SKUMARSYNFS. KUMARS NATIONWIDE LIMITED
43SOBHASOBHA DEVELOPERS LIMITED
44SREINFRASREI INFRASTRUCTURE FINANCE LIMITED
45STRTECHSTERLITE TECHNOLOGIES LIMITED
46TATACOFFEETATA COFFEE LIMITED
47TTKPRESTIGTTK PRESTIGE LIMITED
48TTMLTATA TELESERVICES (MAHARASHTRA) LIMITED
49TVSMOTORTVS MOTOR COMPANY LIMITED
50VIDEOINDVIDEOCON INDUSTRIES LIMITED
51VIPINDVIP INDUSTRIES LIMITED

 
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

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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3 Replies to “Exclusion of 51 securities from futures and options contracts”

  1. problem will be new data base for future, when some added for exclusion of these scrips.(my point of view)

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