The National Stock Exchange of India (NSE) said that it will exclude nine stocks from the futures and options segment with effect from September 27.
The stocks include Arvind, Birlasoft, Engineers India, Hindustan Zinc, IDBI Bank, Kajaria Ceramics, Multi Commodity Exchange of India, Oracle Financial Services Software, and Raymond.
This is in reference with SEBI Circular Ref. No: SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018, regarding Review of Framework for Stocks in Derivatives Segment which states that after a period of one year from the date of the circular, only those stocks which meet the enhanced eligibility criteria shall remain in the derivatives segment.
However, the existing unexpired contracts of expiry months July 2019, August 2019 and September 2019 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months. Accordingly, no contracts shall be available for trading in the above mentioned security with effect from September 27, 2019, as per NSE data.