NSE will exclude 16 securities, including PVR INOX, Abbott India, among others, from F&O with effect from February 28
As many as 16 stocks will no longer be part of the Futures & Options (F&O) segment and will be traded only in the cash market. The last day for derivatives trading in these stocks was Thursday, February 27, the monthly expiry day for the February series.
The move came after an announcement made by the National Stock Exchange (NSE) on December 20.
The stocks that are being removed from the F&O segment from February 28, which also marks the beginning of the March series, include PVR Inox, United Breweries, Abbott India, Atul Ltd, 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.
On the other hand, Indian Renewable Energy Development Agency (Ireda) and Tata Technologies will begin to trade in the F&O segment from the March series.
Apart from this, as many as six securities were added to the F&O segment during the February series, following the expiry of the January series. These included Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India, and Torrent Power.
PVR Inox on its last day in the derivatives market slumped 6.92 per cent to settle at Rs 916.25 apiece on the NSE. Gujarat Narmada Valley Fertilizers and Chemicals crashed 10.02 per cent to end at Rs 489.40. Bata India too declined 4.74 per cent to close at Rs 1,282.25. Gujarat Gas also tumbled 3.16 per cent to Rs 381.95. IPCA Laboratories declined 3.43 per cent to settle at Rs 1,368.75. Sun TV Network also fell 3.59 per cent to Rs 581.10.
Similarly, Dr Lal Path Labs, Metropolis Healthcare, IndiaMart Intermesh, United Breweries, Navin Fluorine International, Coromandel International, and City Union Bank also fell in the range of 1-2 per cent. Abbott India and Can Fin Homes also closed in the red territory.
Atul Ltd, on the other hand, gained 1.34 per cent to close at Rs 5,345.