NSE to Introduce 8 Stocks in F&O from October 2021

5paisa Research Team 7th September 2023 - 05:09 pm

The National Stock Exchange (NSE) vide its circular dated 31st August, has announced the inclusion of 8 more stocks in the list of stocks eligible for F&O trading. The inclusion of these 8 stocks will, of course, be subject to the fulfilment of eligibility criteria of Quarter Sigma Computation Cycle of September 2021.

The list of 8 stocks to be included in F&O effective from 01-Oct:

Serial No.	Company Name	NSE Code	Nature of Business
1	Abbott India Limited	ABBOTINDIA	MNC Pharmaceutical and healthcare vertical
2	Crompton Greaves Cons	CROMPTON	Electrical goods for household use
3	Dalmia Bharat Limited	DALBHARAT	Cement Manufacturer, 4th largest capacity
4	Delta Corp Limited	DELTACORP	Gaming, Casino and the Hospitality business
5	India Cements Limited	INDIACEM	Largest South-based Cement Manufacturer
6	JK Cements Limited	JKCEMENT	Cement maker and part of Singhania Group
7	Oberoi Realty Limited	OBEROIRLTY	Real estate developer based out of Mumbai
8	Persistent Systems Ltd	PERSISTENT	It enabled software development company

The exchange will communicate the specific details of the F&O contracts like market lot, scheme of strike prices and quantity freeze limits on 30-Sep, a day before the start of F&O contracts on these stocks.

The decision to add or remove stocks from the F&O is based on prescribed eligibility criteria and there is a stock selection committee that deliberates and evaluates whether a stock fits into all these criteria before admitting a stock for inclusion in the F&O list.

Normally, inclusion in F&O adds to the liquidity of the stock since a fairly large chunk of volumes is created by cash-futures arbitrage. Stocks included in F&O are also not subjected to stock-level circuit filters.

Currently, there are 3 indices (Nifty, Bank Nifty and Nifty Financial Services) and 172 stocks on which F&O trading is permitted. With the addition of these 8 stocks, the eligible F&O stock list will go up to 180.

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