August 1 will mark the start of a new F&O series, following which, these stocks will only be available to trade in the cash market.
As per information available on the NSE, a stock exits the derivatives segment if it fails to meet eligibility criteriaacross all exchanges based on percormance in the cash market.A stock is excluded from the F&O segment if it is not among the top 500 stocks in terms of the average daily market capitalisation and the average daily traded value in the last six months on a rolling basis.
Median quarter-sigma over last six months turns out to be less than 75 lakh, Market Wide Position Limit (MWPL) on the stock is less than ₹1,500 crore and average daily delivery value in the cash market is less than ₹35 lakh.
Once a stock is excluded from the F&O list, it will not be considered for re-inclusion for a one-year period. To be eligible, the stock has to fulfil the above highlighted criteria for a period of six months in a row.
Shares of Aarti Industries ended 6.3% lower on Thursday, while those of Piramal Enterprises recovered from the lows of the day to end 1.7% lower. Birlasoft shares also ended 6% lower, at the day’s low, on Thursday.
