NSE F&O update

The NSE on Tuesday announced the exclusion of 50 stocks from the F&O segment. Among the counters include 3i Infotech, Ballarpur Industries, Bata India, Edelweiss, Gateway Distriparks, Gitanjali Gems, Hindustan Oil Exploration, Jet Airways, MindTree, MRF, NIIT, NDTV, S. Kumar’s Nationwide, TVS Motor, UTV Software and Wockhardt. The NSE also announced fresh eligibility criteria for inclusion in F&O segment. The conditions are that the stock would be chosen from among the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis; the stock’s median quarter sigma order size (the average of the median buying and selling price) over the last six months should be not less than Rs 5 lakh; the market wide position limit (MWPL) in the stock should not be less than Rs 100 crore. For an existing F&O stock, the continued eligibility criteria is that market wide position limit in the stock should not be less than Rs 60 crore and stock’s median quarter-sigma order size over the last six months should be not less than Rs 2 lakh.
NATIONAL STOCK EXCHANGE OF INDIA LTD. FUTURES & OPTIONS SEGMENT CIRCULAR Circular No. NSE/F&O/030/2009 April 21, 2009 Download No: NSE/FAOP/12296 Dear Members, Exclusion of futures and options contracts in 50 securities Members are advised to note that based on the stock selection/exclusion criteria as prescribed by SEBI vide circular SEBI/DNPD/CIR-31/2006/ dated September 22, 2006 and NSE circular No NSE/F&O/029/2009 dated April 21, 2009 contracts for new expiry months in the following securities will not be available for trading on expiry of existing contract months.

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However, the existing unexpired contracts for the month of and April, May and June 2009 would continue to be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.

This circular shall be effective from May 4, 2009.

For and on behalf of
National Stock Exchange of India Limited


Suprabhat Lala
Asst. Vice President