On Wednesday, November 13, 2024, stock exchanges announced the addition of 45 new stocks to the futures and options (F&O) segment, effective November 29.
What Happened: Major entrants include Zomato, NHPC, BSE, HUDCO, IRFC, Jio Financial, Paytm, Yes Bank, Adani Green, and Avenue Supermarts. The National Stock Exchange (NSE) stated that details regarding market lot size, strike schemes, and quantity freeze limits for these securities will be provided to members on November 28.
This inclusion allows India’s benchmark indices to integrate newer, high-growth firms listed in the past two years, as only F&O-eligible stocks can qualify for benchmark inclusion. The move signals a shift in the F&O segment, now accommodating a mix of companies including newer firms.
| No. | Companies |
|---|---|
| 1 | Adani Energy Solutions Limited |
| 2 | Adani Green Energy Limited |
| 3 | Angel One Limited |
| 4 | APL Apollo Tubes Limited |
| 5 | Adani Total Gas Limited |
| 6 | Bank of India |
| 7 | BSE Limited |
| 8 | Computer Age Management Services Limited |
| 9 | Central Depository Services (India) Limited (CDSL) |
| 10 | CESC Limited |
| 11 | CG Power and Industrial Solutions Limited |
| 12 | Cyient Limited |
| 13 | Delhivery Limited |
| 14 | Avenue Supermarts Limited |
| 15 | HFCL Limited |
| 16 | Housing & Urban Development Corporation Limited |
| 17 | Indian Bank |
| 18 | IRB Infrastructure Developers Limited |
| 19 | Indian Railway Finance Corporation Limited (IRFC) |
| 20 | Jio Financial Services Limited |
| 21 | Jindal Stainless Limited |
| 22 | JSW Energy Limited |
| 23 | Kalyan Jewellers India Limited |
| 24 | KEI Industries Limited |
| 25 | KPIT Technologies Limited |
| 26 | Life Insurance Corporation Of India |
| 27 | Macrotech Developers Limited |
| 28 | Max Healthcare Institute Limited |
| 29 | NCC Limited |
| 30 | NHPC Limited |
| 31 | FSN E-Commerce Ventures Limited |
| 32 | Oil India Limited |
| 33 | One 97 Communications Limited |
| 34 | PB Fintech Limited |
| 35 | Poonawalla Fincorp Limited |
| 36 | Prestige Estates Projects Limited |
| 37 | SJVN Limited |
| 38 | Sona BLW Precision Forgings Limited |
| 39 | Supreme Industries Limited |
| 40 | Tata Elxsi Limited |
| 41 | Tube Investments of India Limited |
| 42 | Union Bank of India |
| 43 | Varun Beverages Limited |
| 44 | Yes Bank Limited |
| 45 | Zomato Limited |
The expansion follows revised F&O stock eligibility criteria approved by the Securities and Exchange Board of India (Sebi) in June, with a circular issued in August. Notably, the criteria aim to enhance liquidity and attract quality stocks through requirements like market-wide position limits, median quarter sigma order size, and average daily delivery value (ADDV).
Additionally, SEBI introduced a ‘product success framework' (PSF) for stock derivatives, aligned with the framework for index derivatives, to support product viability and stability in the segment.
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