NBCC, Torrent Power, Gland Pharma F&O Contracts To Start Trading From Jan. 31

Castrol India, Pheonix Mills and Solar Industries India will also be part of the derivative segment.

The NSE notified on Tuesday that the futures and options contract of six securities, including NBCC (India) Ltd., Torrent Power Ltd. and Gland Pharma Ltd., would begin trading from Jan. 31 (Photo source: Freepik)

The National Stock Exchange notified on Tuesday that the futures and options contract of six securities, including NBCC (India) Ltd., Torrent Power Ltd. and Gland Pharma Ltd., would begin trading from Jan. 31.

The details on market lot and scheme of strikes will be informed to members on Jan. 30. Castrol India Ltd., the Phoenix Mills Ltd. and Solar Industries India Ltd. will also be part of the derivative segment, according to the circular.

The move by the exchange is in order to deepen market participation in equities and to enhance the price discovery. It is also expected to improve market liquidity.

At present, there are over 223 securities available in the F&O segment for trade, according to the NSE.

To be included in the derivatives segment, a stock must meet certain criteria, including a market-wide position limit of Rs 300 crore, which is the maximum number of contracts a trader can hold for that underlying at any given time.

Additionally, the stock must have a minimum order requirement of Rs 10 lakh to be eligible for introduction into the derivatives segment.

Also Read: SEBI Committee Set To Evaluate F&O Expert Panel Recommendations On Volatility, Leverage

In November, the NSE included 45 new companies in the future and option segment. The list of entrants includes Adani Energy Solutions Ltd., Adani Green Energy, Adani Total Gas Ltd., BSE Ltd., JSW Energy Ltd., Nykaa parent FSN E-Commerce Ventures Ltd. and Zomato Ltd.

Yes Bank Ltd., Union Bank of India, Poonawalla Fincorp, PB Fintech Ltd., Life Insurance Corp, Jio Financial Services Ltd., Indian Bank, HFCL Ltd., Indian Railway Finance Corp. and Bank of India are few of the banking and financial names that became a part of the NSE F&O segment.

PepsiCo's bottling franchise partner Varun Beverages Ltd. also entered the F&O segment.

Also Read: SEBI F&O Curbs: Exchanges To See Full Impact After All Measures In Place, Says BSE Chief

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Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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