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