The NSE announced on Wednesday (November 13, 2024) that 45 stocks would join the new list of eligible scrips for trading in the futures and options segment. These include Zomato, Jio Financial, BSE, Adani Green, Nykaa, Paytm, Delhivery, Avenue Supermarts (DMart), etc. The new entrants in the F&O segment are scheduled to be available for trading from November 29, according to the exchanges. Here is a list of stocks by NSE given below:
“The market lot, scheme of strikes, and quantity freeze limit of the above-mentioned securities shall be intimated to members on November 28, 2024, through a separate circular,” said the National Stock Exchange (NSE).
At the same time, the new entrance also allows the benchmark indices to include companies and firms that launched during the last two years. Only those scrips that are permitted for F&O trading can be included in the benchmark indices.
The market regulator, SEBI (Securities and Exchange Board of India), had cleared its new eligibility criteria for stock selection in F&O at a board meeting in June, 2024 and had issued a detailed circular on 30 August, 2024. The F&O eligibility conditions last saw a revision back in 2018, and since January last year, not a single new stock was added to the derivatives segment.
The new framework is designed to attract more liquid and quality stocks to the derivatives segment. For this reason, SEBI has prescribed more stringent thresholds for the market-wide position limit, median quarter sigma order size, and average daily delivery value (ADDV) for the cash market.
The new criteria further articulate timelines and conditions for additions, deletion, cancellations of contracts, or re-entry into the F&O segment. It has also introduced a ‘product success framework’ (PSF) for stock derivatives, such as the framework for index derivatives.
Circular By NSE : https://nsearchives.nseindia.com/content/circulars/FAOP65064.pdf