8 Stocks to Enter the Futures and Options (F&O) List from 29-Oct
With the trading in the futures and options segment already accounting for over 95% of overall trading volumes on the NSE in notional terms, the exchange and SEBI are looking to continuously expand this list of F&O eligible stocks. As per the SEBI circular dated 06-Oct-2021, 8 more stocks are being added to the list of stocks eligible for F&O trading effective 29-Oct.
It may be recollected that the regulator had just added 8 stocks to the F&O list on 01-Oct. The list of 8 stocks added on 01-Oct included Abbott India, Crompton Greaves, Dalmia Bharat, Delta Corp, India Cements, JK Cements, Oberoi Realty and Persistent Systems. That accretion to the list had taken the F&O eligible list from 172 to 180.
Now, effective from the new settlement starting on 29-Oct, SEBI has approved the addition of 8 more stocks to the F&O eligible list.
List of stocks to be added in Futures and Options (F&O) from November series
|Serial No.||Company Name||NSE Symbol|
|3||Chambal Fertilizers Ltd||CHAMBLFERT|
|4||Firstsource Solutions Ltd||FSL|
|5||Gujarat State Petronet Ltd||GSPL|
|6||Laurus Labs Ltd||LAURUSLABS|
|7||SBI Cards and Payment Services Ltd||SBICARD|
|8||Whirlpool of India Ltd||WHIRLPOOL|
Date Source: NSE Circulars
Of course, the final inclusion of these 8 stocks will be subject to fulfilment of eligibility criteria of the quarter sigma computation cycle for the month of October 2021.
The addition of the above 8 stocks will take the total number of eligible stocks in F&O from 180 to 188. The other details pertaining to the F&O contracts of these 8 stocks including market lot, scheme of strike prices and the quantity freeze limits will be intimated by the exchange separately on 28-October, a day before the F&O contracts on these 8 stocks go live.
Inclusion in the F&O list provides greater liquidity and narrower spreads as well as institutional arbitrage demand for the stock. Stocks included in the F&O are not subject to circuit filters applicable to individual stocks on the stock exchange. Currently, F&O contracts are available on 180 stocks and 3 indices.