F&O exclusion: UBL, PVR Inox among 16 stocks to exit derivatives segment tomorrow; last day to trade
Starting February 28, 2025, 16 stocks including United Breweries and PVR Inox will exit the derivatives segment, trading only in the cash market. February 27 is the last day to trade their F&O contracts. The exclusion follows the December 20 annou...
By Shivendra Kumar, ETMarkets.com |
IANS
February 27 is the last day to trade their F&O contracts.
As many as 16 stocks will cease to be a part of the futures & options (F&O) segment with effect from Friday (February 28, 2025) and will trade in the cash market only. No contracts will be available for trading after Thursday, February 27 which will also be the monthly expiry day of the February series exclusion.
The stocks which will be removed from the derivatives segment include PVR Inox, United Breweries, Abbott India, Atul, Bata India, Can Fin Homes, Coromandel International, City Union Bank, Gujarat Narmada Valley Fertilizers and Chemicals, Gujarat Gas, IndiaMart Intermesh, IPCA Laboratories, Dr. Lal Path Labs, Metropolis Healthcare, Navin Fluorine International and Sun TV Network.
The exclusion comes as part of the December 20 announcement made by the National Stock Exchange (NSE).
In November, NSE had added 45 stocks to the F&O. The contracts for companies such as Adani Energy, Adani Green, Angel One, Bank of India, BSE, CDSL, CESC, Delhivery, Avenue Supermart, HUDCO, Jio Financial, JSW Energy, NHPC, FSN E-Commerce, Tata Elxsi, Yes Bank, Varun Beverages, and Zomato, among others, have been made available for trading from November 29.
Currently, there are derivatives on 227 individual securities which are trading in the F&O segment.
Meanwhile, Manappuram Finance is under the F&O trade ban today. The MWPL for Manappuram Finance stood at 85% on Tuesday with OI reported by Trendlyne at 43.5 million. It was down 10.7% from the previous session.
Also Read: Up to 28% fall in one month. Will US stagflation mean more bad news for Indian IT stocks?
The future & options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Traders who trade in index do not encounter a situation of security ban.
On Wednesday, the Indian equity markets were closed for trading on account of Maha Shivratri.
The stocks which will be removed from the derivatives segment include PVR Inox, United Breweries, Abbott India, Atul, Bata India, Can Fin Homes, Coromandel International, City Union Bank, Gujarat Narmada Valley Fertilizers and Chemicals, Gujarat Gas, IndiaMart Intermesh, IPCA Laboratories, Dr. Lal Path Labs, Metropolis Healthcare, Navin Fluorine International and Sun TV Network.
The exclusion comes as part of the December 20 announcement made by the National Stock Exchange (NSE).
In November, NSE had added 45 stocks to the F&O. The contracts for companies such as Adani Energy, Adani Green, Angel One, Bank of India, BSE, CDSL, CESC, Delhivery, Avenue Supermart, HUDCO, Jio Financial, JSW Energy, NHPC, FSN E-Commerce, Tata Elxsi, Yes Bank, Varun Beverages, and Zomato, among others, have been made available for trading from November 29.
Currently, there are derivatives on 227 individual securities which are trading in the F&O segment.
Meanwhile, Manappuram Finance is under the F&O trade ban today. The MWPL for Manappuram Finance stood at 85% on Tuesday with OI reported by Trendlyne at 43.5 million. It was down 10.7% from the previous session.
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Also Read: Up to 28% fall in one month. Will US stagflation mean more bad news for Indian IT stocks?
The future & options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Traders who trade in index do not encounter a situation of security ban.
On Wednesday, the Indian equity markets were closed for trading on account of Maha Shivratri.
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