Five stocks to have physical settlement two months in advance

MUMBAI: Five Nifty stocks – Dr Reddy's Laboratories, Indiabulls Housing Finance, Tata Motors, Yes Bank, and Zee Entertainment Enterprises – will move into physical settlement two months in advance, according to a NSE circular.

These stocks were scheduled to come under physical settlement from July expiry but the exchange has revised start of physical settlement in these stocks from May expiry onwards.

“...all new expiry month contracts issued in the above securities after expiry of February contracts (i.e. May expiry onwards) shall be physical settled. However, the existing unexpired contracts of expiry months February 2019, March 2019 and April 2019 and new strikes introduced in such contracts would continue to be available for trading till their respective expiry under the cash settlement mode," said NSE.