The National Stock Exchange has announced that it has excluded the derivatives contract on eight securities. In a circular dated June 23, the exchange said that futures and options contracts with new expiry will not be available for Aditya Birla Fashion and Retail, Adani Total Gas, CESC, Granules India, IRB Infrastructure Developers, Jindal Stainless, Poonawalla Fincorp, and SJVN.
“However, the existing unexpired contracts of expiry months June 2025, July 2025 and August 2025 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months,” the circular said. Therefore, no derivatives contracts will be available for trading in these securities with effect from August 29.
This is a part of NSE's periodic review of derivative contracts, which aims to ensure adherence to regulatory guidelines and maintain market-wide position limits, promoting orderly and compliant trading practices.
Of the aforementioned eight stocks, six were recently added to the futures and options segment, in November last year. Barring Aditya Birla Fashion and Retail and Granules India all other names were among the recent entrants. Inclusion of any securities in the derivatives segment could potentially significantly enhance the trading volumes and price discovery for them.
In May, the exchange had excluded Aarti Industries, Hindustan Copper, Birlasoft, Piramal Enterprises and Mahanagar Gas, with effect from August 1. In March, the stock exchange removed Escorts Kubota, Apollo Tyres, Deepak Nitrite, MRF, and The Ramco Cements from the derivatives segment, with effect from May 27.
For the financial year ended March, the NSE saw a 47% year-on-year jump in net profit at ₹12,188 crore. For the January-March quarter, the stock exchange reported its net profit at ₹2,650 crore, down 31% on a sequential basis from ₹3,834 crore in the December quarter.
