NSE to drop Suzlon, Gujarat Fluorochemicals from F&O segment

NSE

Leading stock exchange NSE today said it has decided to remove Suzlon Energy and Gujarat Fluorochemicals from the futures & options segment.

In a circular, National Stock Exchange (NSE)said trading in derivative contracts for these two securities would not be available with effect from March 1, 2013.

However, the existing unexpired contracts of expiry months December 2012, January 2013 and February 2013 would continue to be available for trading till their respective expiry.

"...no contracts shall be available for trading in the ...securities (Suzlon Energy and Gujarat Fluorochemicals Ltd) with effect from March 01, 2013," the exchange said.

Earlier in October, the exchanges have announced that they would exclude IT firm MphasiS and diversified company Piramal Enterprises from its derivative segment from December 28.

As per the Sebi's regulation, any scrip with a minimum trading volume of Rs 10 lakh and market wide position limit (MWPL) or market capitalisation of Rs 300 crore would be eligible for entry into the F&O segment.

Any scrip, however, that fails to maintain a minimum MWPL requirement of Rs 200 crore will cease to be in F&O segment.

The scrip exits the derivative segment if Median Quarter Sigma Order Size (MQSOS), which indicate liquidity or order size in a scrip, falls below Rs 5 lakh.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus