The National Stock Exchange (NSE) declared the exclusion of 16 stocks from future and options (F&O) contracts securities, effective from 28 February 2025. Further no new expiry contract will be added for these 16 stocks from the current date, this decision is taken by NSE to align exchange work to optimize its derivative offerings. Securities influenced by exchange decisions include notable stocks like Sun TV network, City Union Bank, Abbott India, and Bata India.
Complete List of 16 Securities
There are 16 main stocks that are excluded from the F&O segment and will only be available in the cash market from Friday and 28 February is the start date of the March F&O series.
| Sr. No | Security Name | Stock Price(₨) |
| 1 | ABBOTT INDIA LIMITED | 30,195.50 |
| 2 | ATUL LIMITED | 5,274.40 |
| 3 | BATA INDIA LIMITED | 1,346.05 |
| 4 | CAN FIN HOMES LIMITED | 577.85 |
| 5 | COROMANDEL INTERNATIONAL LIMITED | 1,689.60 |
| 6 | CITY UNION BANK LIMITED | 148.66 |
| 7 | GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED | 543.9 |
| 8 | GUJARAT GAS LIMITED | 394.4 |
| 9 | INDIAMART INTERMESH LIMITED | 2,000.40 |
| 10 | IPCA LABORATORIES LIMITED | 1,417.40 |
| 11 | DR. LAL PATH LABS LTD. | 2,410.10 |
| 12 | METROPOLIS HEALTHCARE LIMITED | 1,656.75 |
| 13 | NAVIN FLUORINE INTERNATIONAL LIMITED | 3,809.60 |
| 14 | PVR INOX LIMITED | 984.4 |
| 15 | SUN TV NETWORK LIMITED | 602.75 |
| 16 | UNITED BREWERIES LIMITED | 2,038.55 |
Additionally, NSE also excluded 2 more securities from the future & option contract segment according to NSE circular number NSE\FAOP\66251 dated 22 January 2025. The securities are as follows:
| Sr. No | Security Name | Stock Price(₨) |
| 1 | JK CEMENT LIMITED | 4,575.00 |
| 2 | L&T TECHNOLOGY SERVICES LIMITED | 4,727.85 |
Important Date to Remember
There is no new expiry months will be introduced for these securities after the expiry of the existing contract in the F&O segment. The last day for trading all these securities is 27 February 2025 in the market.
Impact of F&O exclusion
The exclusion of these stocks from F&O segment may reflect market sentiment on shares price in NSE as traders and investors consider the impact of these changes in derivatives trading. It will narrow the participation in market of 16 securities. The exchange decision highlights its focus on optimizing derivatives offering and it will shape market activity and dynamics.
Key Reasons of exclusion
On 23 February 2025, SEBI updated the eligibility criteria for stocks to be included in the derivative market. This new change in eligibility criteria is to enhance the quality of stocks that are trading in the derivatives market by ensuring that they meet specific liquidity and market presence requirements. The new criteria included three factors which are median quarter sigma order size, market-wide position limit, and average daily delivery value in the cash market.
In this median quarter sigma order size calculated on a rolling basis over the last six months and not less than ₨ 75 lakh. New criteria for market-wide position limit considered on a rolling basis of last six months and should not be less than ₨1500 cr. The average daily delivery value in the cash market is evaluated on a rolling basis of the last six months and not less than ₨35 cr.
Conclusion
The exclusion of these securities by the NSE is to influence trading activity, share price dynamics, and liquid trading environment. Additionally from this exclusion, in future & option contracts stocks like IREDA and Tata Technologies will begin to trade from 28 February.
