F&O: Aarti Industries, HDFC AMC among 11 stocks that could be a part of F&O segment soon

Mumbai: Stocks such as Aarti Industries, Abbott India, Adani Gas, HDFC AMC and ICICI Lombard General Insurance are likely to qualify to be a part of the F&O (futures and options) segment, ICICIdirect said in a note on Wednesday.

Other stocks such as Deepak Nitrate, IPCA Lab, L&T Infotech, Pfizer, PI Industries, and Trent could also be on the list, the brokerage said on Wednesday.

It added that some of these stocks could be on the list in the next announcement by the NSE.


F&O snip 1

Source: ICICIdirect

In the last F&O inclusion in April, NSE had announced the introduction of SBI Life Insurance. Prior to that, in February, three new stocks were added in F&O after a gap of almost two years.

The brokerage said it shortlisted these stocks considering the last six month’s average criteria of NSE parameters.

F&O contracts can be introduced on new securities, which meet the eligibility criteria, subject to approval by the Securities and Exchange Board of India (Sebi).

The stock has to be chosen from among the top 500 stocks in terms of average daily market capitalization, and the average daily traded value in the previous six months on a rolling basis. Its median quarter-sigma order size over the last six months should be at least Rs 25 lakh.

The market-wide position limit in the stock should not be less than Rs 500 crore on a rolling basis, and the average daily delivery value in cash market should not be less than Rs 10 crore in the previous six months on a rolling basis.

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