NSE to discontinue F&O contracts in 34 stocks from June-end
Mumbai (Maharashtra) [India], Apr 23 (ANI): The National Stock Exchange (NSE) will exclude 34 stocks from the futures and options (F&O) segment from June 28.
ANI
Apr 23, 2019 15:04 IST
Mumbai (Maharashtra) [India], Apr 23 (ANI): The National Stock Exchange (NSE) will exclude 34 stocks from the futures and options (F&O) segment from June 28.
The list of stocks includes Jet Airways, Reliance Power, Tata Communications, Godrej Industries, Suzlon Energy, Allahabad Bank, Syndicate Bank and P C Jeweller among others.
A futures contract is a forward contract traded on an exchange. The NSE started trading in index futures on June 12, 2000. These index futures contracts are based on the popular market benchmark Nifty 50 index.
Every year, the bourse checks eligibility criteria for all stocks that are available for trading in the futures and options segment.
"After a period of one year from the date of the circular, only those stocks which meet the enhanced eligibility criteria shall remain in derivatives segment," the exchange said in a circular.
However, the existing unexpired contracts of expiry months April, May and June will continue to be available for trading till their respective expiry. New strikes will also be introduced in the existing contract months, it added.
"Accordingly, no contracts will be available for trading in the 34 securities with effect from June 28," said the circular.
(ANI)
Get the App
